Do we have to clear out the YTD figures in STP1 and send an Update Event to the ATO?

System · June 27

This discussion was created from comments split from: EOFY Payroll.

JANE_9714211 · June 27

Hi Rav,

I watched the EOFY webinar yesterday and do we have to clear out "Nil" the YTD figures in STP1 and send an "Update Event" to the ATO?

I thought once we entered the YTD figures in STP2 for reporting to the ATO back in September 2023, there wouldn't be a need to do anything with the STP1.

Please advise.

Thank you.

Rav · June 27

Hi @JANE_9714211

Sorry, I didn't attend the webinar yesterday so I'm not sure what that advice is in relation to specifically but if my I'm understanding correctly though, no you won't need to do anything to the balances you've previously sent under STP Phase 1 this financial year.

The ATO operates a hybrid disaggregate method to support folks transitioning to STP Phase 2. What this means is, they don't expect you to redo any previous pays that were sent under Phase 1 after you make the switch. There's more info on this on the ATO's website HERE.

One thing I will highlight though is, the balance of some pay items that were previously attributed to gross under STP Phase 1 will remain as they are in the EOFY finalisation but after switching to STP Phase 2 they have become disaggregated and any balances paid after the switch will be shown separately.

There's some more info on this in the following articles which might be handy -

Disaggregation of gross in your EOFY finalisation in Reckon Payroll 📅

Understanding how to prepare and reconcile your EOFY with Reckon Payroll 📅

Hopefully I've understood your question correctly but if not, please let me know 🙂