STP

Rachael Bonello
Rachael Bonello Member Posts: 48 Reckoner Reckoner

Help! Good Afternoon

I was not thinking and ive processed end of year today and its now finalised 2021/2022 and 1 week of 2022/2023 financial is also saying finalised.

How do i fix this. So i essentially have one group certificate for financial year 2021/2022 and it says "tax not ready" but one also for this financila year 2022/2023 saying "tax ready" with only onw eek in that i did not wat finalised!

Comments

  • Rav
    Rav Administrator, Reckon Staff Posts: 16,720 Reckon Community Manager Community Manager

    @Rachael Bonello

    Just to clarify, did you perform two separate EOFY finalisations? ie. one for 2021/22 and then another for 2022/23?

  • Rachael Bonello
    Rachael Bonello Member Posts: 48 Reckoner Reckoner

    Hi Rav,

    We pay Monday to Sunday. So as today was Monday, not thinking ive paid everyone and when i finished i hit finalise year not realising it would finalise BOTH financial years... so yes i think so

  • Rav
    Rav Administrator, Reckon Staff Posts: 16,720 Reckon Community Manager Community Manager

    I'm assuming that you've entered the today's date as the pay date of payrun you just actioned earlier, correct?

    I wouldn't worry too much about this but there are a couple of things you need to do.

    The first is, you'll need to submit the EOFY finalisation for the correct (2021/22) financial year if you're ready to do so. ie. if you've completed all pay runs that have a pay date that falls in that financial year. (Its the pay date that is the determining factor for STP rather than pay period).

    This will then switch your 2021/22 income statement to Tax Ready in MyGov.


    Secondly, when you send your next pay run and submission for the new (current) 2022/23 financial year, it will unfinalise the 2022/23 one that you've just put through today and you can then just continue on as normal.

  • Rachael Bonello
    Rachael Bonello Member Posts: 48 Reckoner Reckoner

    Thankyou. Correct! I finally spoke on phone to someone and have done all the above. I feel so stupid!