How to Correct Wrongly Finalised Financial Year

If you finalise your pays in the wrong financial year, you can correct them as per the below example.

EXAMPLE: Pay for year ending June 2023 is showing in the ATO portal as finalised for the year ending June 2024.
 

To correct year ending June 2023:

• Set the wages back to financial year ending 2023. Click here for instructions on how to do so.
• Delete the last pay for June 2023. Click here for instructions on how to do so.
• Redo the last pay for June 2023, making sure the From and To dates as well as the Pay Process dates are correct
• In the STP lodgement screen, make sure the final event indicator is ticked
• Back date the payment date under PAYMENT DATE AND FILE TYPE to match the correct June payment date
  

                                                

• Select [New] for the lodgement file type
• Enter your name and tick the declaration
• Click [Send]

 

To correct the year ending 2024

• Process a new pay in the year ending 2024
• When submitting, ensure the 'final event' is NOT TICKED
• Select [New] for the lodgement file type
• Enter your name and tick the declaration
• Click [Send]

This will update the Year To Date (YTD) figures correctly for the year ending 2024. If a new pay was already submitted for year ending 2024, this would have updated the YTD figures.

Please note: If you are sending more than one update/replacement, please wait an hour until you submit another update/replacement. Or, until you confirm that the lodgement has been successful from the ATO business portal.

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