How to complete your End Of Financial Year (End Of Financial Year (EOFY) Survival Guide)
Jun 29, 2024
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🎯 You do NOT need to complete the EOFY procedure below before processing your first pay run for the new Financial Year!
🎯 Ensure you have completed STEP 5 by 14 July 2024.
STP END-OF-FINANCIAL-YEAR PROCESSING CHEAT SHEET CHECKLIST
✔️ Tick when completed.
STEP 1 - Ensure you have processed all required pay runs within the Financial Year.
STEP 2 - Generate your Superannuation Reports and pay the required Contributions for the period.
STEP 3 - Enter FBT (Fringe Benefit Tax) balances for the Financial Year Ending 31 March 2024 for the required Payees.
STEP 4 - Print Reports to assist in completing your End Of Financial Year.
STEP 5 - Create and Submit your (EOFY) Final Event.
🎯 DO NOT Zero STP YTD Balances once you have completed STEP 5, as this will advise the ATO these Payees YTD Balances are ZERO.
