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STP Finalisation: End of Financial Year Guide

STP Finalisation tells the ATO that you've completed your payroll reporting for the year for each employee. Once submitted, employees will see their income statements as "Tax Ready" in myGov.

Deadlines​

  • 14 July — for most employers
  • 31 July — for closely held payees or with agent concession

Finalise early to avoid ATO penalties or delays for your employees' tax returns.

How STP Finalisation Works in Myaccountant​

With Myaccountant, you don't need a separate EOFY finalisation step. Instead, you mark the EOFY declaration within the final pay run for each employee and submit that pay run via STP.

Step-by-Step: Mark EOFY Declaration in a Pay Run​

1. Select the Final Pay Run​

  • Create your final pay run for the financial year, or
  • Open an existing pay run that includes the employees you're finalising
  • Go to Payroll > Pay Runs, then click Open on the pay run

2. Edit EOFY Declaration for an Employee​

  • Select the employee in the pay run
  • Click the three-dot menu, then select Edit EOFY

3. Mark as Final​

  • A popup window will appear
  • Tick the EOFY declaration checkbox and click Save
  • A small EOFY indicator will appear beneath the employee's name in the pay run

4. Repeat for Other Employees​

Repeat steps 2–3 for all employees included in the finalisation.

5. Submit the Pay Run to the ATO​

Once all EOFY indicators are marked, submit the pay run to the ATO as usual via STP Submit.

The ATO will receive your EOFY declaration as part of this pay run. No additional steps are required.

tip
  • Finalise only after all pay, tax, super, and leave entries are reviewed for accuracy
  • Use the YTD Summary Report in Myaccountant to check figures match before submitting
  • You can amend errors after finalisation using STP Update or Send Replacement