You DO NOT need to complete the steps below before processing a pay run for the new Financial Year! However, please ensure you have completed up to and including STEP 5 by 14 July 2025.
Pay Runs are reported based on their Payment Date when using Single Touch Payroll. As such, your Final Event will encompass all pay runs with a payment date on or before June 30. It is essential to verify that each of your pay runs has been reported accurately and successfully, ensuring that none have been overlooked. This attention to detail will help you maintain compliance and avoid any potential issues as the deadline approaches.
DO NOT Zero STP YTD Balances once you have completed STEP 5, as this will report to the ATO that the Payees' YTD Balances are ZERO.
Enter Reportable Fringe Benefit Balances for Financial Year Ending 31 March 2026.
Print and review reports to confirm all Payee Balances have been correctly reported.
Review Pay Run STP Lodgements for Financial Year Ending 30 June 2026.
Process your Superannuation Contribution for the final reporting period in Financial Year Ending 30 June 2026.
If the Period Start Date for your first pay run in FYE 30 June 2027 falls in June,
Process your first Single Touch Payroll Pay Run or Process your first Single Touch Payroll e-Time Pay Run for FYE 30 June 2026.
The YTD Balances displayed in Pay Run (STEP 1 of Pay Day) are updated once you compose your first pay run for FYE 2026.
The Mandatory Employer Superannuation Guarantee Information Message is displayed in Payees (STEP 2 of Pay Day) when you process your first pay run for FYE 2026. Select the Status Icon for each Payee to action this change.
Check for Fair Work Minimum Award Rate changes. Most employees are covered by an award. Awards are legal documents that outline minimum pay rates and conditions of employment for an industry or occupation. From the first full pay period starting on or after 1 July 2025, adult minimum award wages increase by 3.5%.
If the Period Start Date for your first pay run in FYE 30 June 2027 falls in July,
Check for Fair Work Minimum Award Rate changes. Most employees are covered by an award. Awards are legal documents that outline minimum pay rates and conditions of employment for an industry or occupation. From the first full pay period starting on or after 1 July 2025, adult minimum award wages increase by 3.5%.
Process your first Single Touch Payroll Pay Run or Process your first Single Touch Payroll e-Time Pay Run for FYE 30 June 2026.
The YTD Balances displayed in Pay Run (STEP 1 of Pay Day) are updated once you compose your first pay run for FYE 2026.
The Mandatory Employer Superannuation Guarantee Information Message is displayed in Payees (STEP 2 of Pay Day) when you process your first pay run for FYE 2026. Select the Status Icon for each Payee to action this change.