Finalisation after your final pay
After you have processed all pays, entered any reportable fringe benefits or adjustments for the financial year and submitted any resulting STP batches, you are ready to finalise your employees. We do this on the final ATO Confirmed batch for the financial year as this batch contains final YTD figures for all employees.
To finalise employees after your final pay:
Click the Sign and submit finalised batch button, complete the declaration and submit the batch to the ATO in the usual way.
The updated batch now has the status ATO Pending, awaiting ATO confirmation. As with all STP submissions, you should check the batch status and address any ATO rejection messages.
Once confirmed, you have completed finalisation of your employees.
Finalisation flag in employee masterfile
After the batch is ATO Confirmed, the Employee Finalised flag on the Tax tab of the employee masterfile will be updated to show the date of finalisation. The flag is not required for STP reporting but is recommended for masterfile maintenance.
If you need to correct an employee's pay after finalisation but before you have run End of Year, simply enter the adjustment transaction and submit the resulting STP batch in the usual way. As always, the ATO will report the most recent YTD figures in the employee's myGov account. There is no need to remove finalisation on the employee.
For corrections after running End of Year, see Making adjustments after running End of Year