Terminated Employee and EOFY

kenl90
kenl90 Member Posts: 53 Reckoner Reckoner
in Reckon One

I've just terminated an employee. Do I run an EOFY for this employee now, or do I wait till after 30th June to do this so that this employee will get the 'Tax Ready' status in their myGov ATO?

Best Answers

  • Rav
    Rav Administrator, Reckon Staff Posts: 16,575 Reckon Community Manager Community Manager
    Answer ✓

    Hi @kenl90

    The majority of folks wait until they perform their full EOFY finalisation for all employees at the conclusion of the respective financial year however ultimately its up to you.

    One thing to note though, if you decide to perform the EOFY finalisation for the terminated employee now then you'll just need to ensure that you only select that specific employee from the list and untick the others. Example screenshot below 👇

    image.png


  • Lucas
    Lucas Reckon Staff Posts: 298 Reckon Staff
    Answer ✓

    Hi @kenl90,

    That's correct, you are able to run another EOFY finalization for all your other employees, once you have finished up for 2023-2024 EOFY.

    If you require further assistance, please reach out.


    Cheers,

    Lucas

Answers

  • kenl90
    kenl90 Member Posts: 53 Reckoner Reckoner

    Thanks Rav.

    So, once I go ahead and run EOFY finalisation for the terminated employee, can I still run another EOFY for all the other active employees post-30th. June?

  • Rav
    Rav Administrator, Reckon Staff Posts: 16,575 Reckon Community Manager Community Manager

    Yes you most certainly can 🙂

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