Overview

  • Sign off your Single Touch Payroll (STP) data and send it to the ATO.
  • Update an employee’s STP data after submitting it.

What you need to know

  • At least one pay run needs to be filed using STP before you can finalise your STP data for that financial year.
  • You don’t need to process a STP finalisation before your first pay run in the new financial year.
  • Add Reportable Fringe Benefit Amounts (RFBA) while reviewing each employee’s data or add an exempt amount (ATO website).
  • Sign off data for employees who left your organisation during the financial year or the fringe benefits tax year (ATO website).
  • After you make your first STP submission, the ability to produce payment summaries is removed from your organisation. Instead, file a pay run for the relevant financial year and then finalise your STP data.
  • When you successfully finalise your STP data, your employees can log into their myGov accounts to view their information (ATO website).
  • You need payroll admin access to finalise STP data.

Review and finalise STP data

You’ll need to file at least one pay run using STP before finalising your STP data.
  1. In the Payroll menu, select Single Touch Payroll, then select the Finalisation tab.
  2. Click the menu icon Menu icon to the right of an employee’s name, then select Edit.
  3. Review the employee’s year-to-date summary.
  4. (Optional) Add a Reportable fringe benefits amount.
  5. (Optional) Add a Reportable fringe benefits amount, exempt.
  6. If you add an RFBA, Xero submits it the next time you file with the ATO. For example, Xero will submit the RFBA if you file a pay run with STP before finalising the data.
  7. Click Save, or Save and next to repeat the process for your next employee.
  8. (Optional) Toggle the Show employees terminated this FBT year switch to show more employees.
  9. Check that the lump sums are reporting correctly, and if required adjust the lump sum value for unused leave.
  10. To finalise data for individual employees, select the checkbox next to their name. To finalise data for all employees, select the Employees checkbox at the top of the table.
  11. Click Finalise and submit to the ATO.
  12. Select the checkbox to authorise the file, then click Submit to ATO.

When you finalise your STP data and send it to the ATO, it can take up to 72 hours for the status in Xero Payroll to update.

What’s next?

  • Once you’ve submitted your data to the ATO, you’re all done.
  • If the filing fails, you’ll need to fix the relevant issue and file again.

If you have any problems or need help contact Reisha from our offices.