STP: Processing finalisation events using the EOFY Wizard

This article will just summarize the steps that you will need to follow to complete your end-of-year processing (ie processing a finalization declaration) using the STP EOFY Wizard.

Step 1: Select Pay Schedule & Financial Year

• Go to Reports > ATO Reporting > Single Touch Payroll > Start finalisation process

• Select the Financial Year you want to finalize & select the pay schedules, click Next

Step 2: Confirm Payroll Data

• Click Actions > Excel (YTD) 
• Review/Reconcile the Excel (YTD) report 
• Click Next

Step 3: Enter Reportable Fringe Benefits 

• Enter Reportable Fringe Benefits if any -This step is only applicable if you have employees with reportable FBT amounts that need to be entered. If this is not the case, you can click on 'Next' to proceed to the next step. 

Step 4: Lodge Finalisation Event

• Tick the checkbox to sign the declaration
• Click Lodge Finalisation Event > complete the process. 

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Step 5: Send Employee Notifications

Once the finalization event has been successfully lodged with the ATO, you will have the ability to send system-generated email notifications to the employees involved in that event. 

• Go into the event and click on Actions > Send Notifications.

You have now completed the Year-end process in ooPay.

Please see below articles from ooPay for additional information

 STP EOFY Guide.

STP: Processing finalisation events using the EOFY Wizard