End of Financial year payroll

If you have already opted in to STP, you will not need to prepare Payment Summaries for your staff.  However, you do need to prepare “STP Finalisation events” which will replace the old Payment Summaries.  The reconciliation process remains the same.  STP is just a different way to send your information to both your employees and the tax office.


The MYOB AccountRight year end payroll process remains the same as last year.  Your MYOB file payroll year needs to be closed before you can process your first payroll in the new financial year.