STP Final Event Mistake

Alison Hart
Alison Hart Member Posts: 38 Reckoner Reckoner
in Accounts Hosted

I have processed the STP for the 30th June payroll and then processed the Final Event for the 2022 Financial Year.

I had to setup a YTD amount for the grossed up FBT amount which I did and my payslip had the right YTD amount of $29747.00 (FBT is $550 per fortnight). But when I looked on my mygov and then the portal it shows the Tax Free Amount (FBT) as $29197.00 which is $550 short.

To me it looks like the YTD FBT grossed up amount should have been $550 more but then wouldn't that make my YTD balance higher. Also, can you submit a new final event for 2022?

Appreciate your help.

Thank You

Comments

  • Zappy
    Zappy Accredited Partner Posts: 5,534 Accredited Partner Accredited Partner

    To answer your last question first, yes you can. Go back to the wages and get it right before you submit it again

  • Alison Hart
    Alison Hart Member Posts: 38 Reckoner Reckoner

    Thank You I will do that!!

  • Alison Hart
    Alison Hart Member Posts: 38 Reckoner Reckoner

    I have just changed the YTD FBT figure and now on my payslip it shows $30297 as the YTD instead of $29747. So wont the new Final Event be wrong?

  • Alison Hart
    Alison Hart Member Posts: 38 Reckoner Reckoner

    I have adjusted the YTD Amount to the correct amount as we had 27 fortnights not 26 fortnights. My Payslip shows YTD Amount of $30890 which is correct.

    When I upload it to the portal it is showing as $30340. I haven't hit submit yet. Why is this happening.

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