Session 3: Product Training: STP & Payroll Finalisations in QuickBooks Payroll, powered by Employment Hero will take you through the STP finalisation process including an STP review, STP reconciliation and lodgment.

Alee Cochrane, your expert trainer will take you through:

Key checks, including:

• Payroll clearing account reconciliation
• Bank rec complete, payroll-related transaction completed
• Gross wages account reconciliation 
• Cross-check with payroll report
• Differences
• FBT implications, FBT exemptions.

STP issues, including:

• Year-end event
• Compare reports to ensure totals are correct
• Reconcile individual employee basis
• Entering reportable fringe benefits
• Finalisations done during the year are checked & correct (eg. reportable fringe benefits).

Lodgement, covering:

• Authority to lodge annual STP from client 
• Finalise STP and Lodgement 
• Extract finalised reports (working papers).