Payroll
Finish up an employee, and the end of the financial year
Record someone's last day, pay their final pay, and finalise the year's payroll with the ATO.
- Last day
- Final pay
- Post
- Finalise year
When someone leaves, record their last day, then pay them out in a pay run. At the end of each financial year, you finalise payroll so everyone's income statement is ready for tax time.
Coming soon
Payroll opens once Billbook can report pays to the ATO through Single Touch Payroll (STP) Coming soon.
How do I record that someone's leaving?
- Open them in PayrollEmployees.
- Choose More actions, then Finish employment.
- Enter the Last day of work and the Reason.
- Check What to report to the ATO. It goes on their income statement.
- Choose Finish employment.
They move to the Former tab. Made a mistake? Choose Reinstate.
How do I pay their final pay?
- Start a pay run. For a one-off, choose A pay outside the cycle.
- On their payslip, choose Add final pay.
- Pick Why they're leaving, and check any unused leave being paid out.
- Choose Save final pay, then post the pay run.
Each part of a final pay, like unused leave or a redundancy payment, is taxed by its own ATO rules. Billbook works it out.
What do I do at the end of the financial year?
- Post the last pay run for the year, and pay any super still due.
- Record any Reportable fringe benefits on each person's record.
- In PayrollSingle Touch Payroll, choose Finalise for the year, then Prepare finalisation.
Finalising is an STP report Coming soon. Until Billbook can send it, finalise through your current payroll software.
Next
Something wrong on this page? Tell us
Last updated on