Finalisations tab

Overview

The Finalisation tab allows you to:

• Create and submit Finalisation Events for:
  • Current and past tax years
  • All or some payers of a given tax year
  • All or some payees of payer for a given tax year
• View the Finalisation submissions

  

To meet record keeping obligation, the Finalisations tab will display the last seven years finalisation events per payer starting from the 2017-2018 financial year.

Note: The finalise state check is designed to be a STP v4 feature and records the final submission for every employee. These numbers will become more accurate as every employee is included in a STP v4 submission. Errored submissions are ignored.

Creating a new finalisation event

First decide, are you wanting to send a finalisation for:

1. all payees of a payer(s); or
2. just a finalisation for a subset of payees.

If "a", then click the Finalise Payer(s) button.

If "b", then click the Finalise Payee(s) button.

IMPORTANT: Your database should only have one YTD code per year, irrespective of the number of pay periods or payers. Multiple YTD codes for the same date range, especially when applied to the same payer will make it difficult for you to identify when payer is truly ready to finalise, and may result in inaccurate data being submitted to the ATO.

Topic: 44506