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e-PayDay Go® End Of Financial Year (EOFY) Survival Guide
e-PayDay Go® End Of Financial Year (EOFY) Survival Guide
STP END-OF-FINANCIAL-YEAR PROCESSING CHEAT SHEET CHECKLIST
STP END-OF-FINANCIAL-YEAR PROCESSING CHEAT SHEET CHECKLIST
Are payments taxable in the year of the work or the year of the pay?
Are payments taxable in the year of the work or the year of the pay?
Pay Runs are reported on the Payment Date under Single Touch Payroll. Under the ATO rules, the pay is considered taxable income in the year it is paid, even if the work was done and the pay was earned in a different year, as shown in the example below.
Weekly Pay Period Pay Day Taxable Financial Year
24/06/2026 to 30/06/2026 30/06/2026 2025/2026
24/06/2026 to 30/06/2026 01/07/2026 2026/2027
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 - How do I lodge a (EOFY) Final Event? by 14 July 2025.
What pay runs are included when reporting my EOFY Final Event to the Australian Taxation Office?
What pay runs are included when reporting my EOFY Final Event to the Australian Taxation Office?
Pay Runs are reported based on their Payment Date when using Single Touch Payroll (STP). 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 - How do I lodge a (EOFY) Final Event?, as this will report to the ATO that the Payees' YTD Balances are ZERO.
PLEASE NOTE
PLEASE NOTE
If you are printing this page, please ensure that you select each Step below and also print those pages.
Review the STP Status of all Pay Runs within Financial Year Ending 30 June 2026.
Process your Superannuation Contribution for the final reporting period in the Financial Year Ending 30 June 2026.
Enter Reportable Fringe Benefit Balances for Financial Year Ending 31 March 2026.
Print reports before lodging a (EOFY) Final Event.
Lodge your (EOFY) Final Event.
DO NOT Zero STP YTD Balances once you have completed STEP 5 - How do I lodge a (EOFY) Final Event?, as this will report to the ATO that the Payees' YTD Balances are ZERO.
If you haven't already, set up Payday Super reporting.
The next STEP is determined by the Pay Run Period Start Date.
The next STEP is determined by the Pay Run Period Start Date.
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 2027.
The YTD Balances displayed in Pay Run (STEP 1 of Pay Day) are updated once you compose your first pay run for FYE 2027.
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 2026, adult minimum award wages increase by 4.75%.
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 2026, adult minimum award wages increase by 4.75%.
Process your first Single Touch Payroll Pay Run or Process your first Single Touch Payroll e-Time Pay Run for FYE 30 June 2027.
The YTD Balances displayed in Pay Run (STEP 1 of Pay Day) are updated once you compose your first pay run for FYE 2027.
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