Key resources for end of financial year and end of month processes for MYOB Advanced Payroll
Purpose
This information will assist you in processing the end of financial year (EOFY) in Advanced Payroll.
Disclaimer: This information about how to use MYOB Advanced is of a generic nature and is based on information supplied by MYOB. Not to be relied on for legal, accounting or employment advice.
EOFY Payroll Processing Webinar
This is a recording of the MYOB Advanced Payroll EOFY Processing Webinar held by BusienssHub on 19 June 2023 at 10:00 AM AEST, where the BusinessHub team covered:
- EOFY Payroll Processes
- Update on recent enhancements
- Discover insider tips to supercharge your efficiency
- Gain clarity on compliance requirements
- Navigate new Super pay processes
- Generate accurate reports
- Manage leave entitlements
- Troubleshoot common challenges
EOFY Payroll Processing Guide
The MYOB End of financial year procedures 2023-24 Guide - Australia is now available.
The guide includes a checklist for EOFY procedures and covers compliance changes related to MYOB Advanced Payroll for the 2023-24 financial year, including new tax rates and thresholds in the Dynamic Calculation Engine (DCE) which are scheduled for release on 15 June 2023.
No MYOB Advanced Payroll upgrade is required, as the DCE the system automatically applies the new rates and thresholds for pays dated 1 July 2022 or later (unless you have elected to Override Legislated Rates in your pay item setup).
Additionally, there are three new tax treatment codes for working holiday makers, which will be available in upcoming Advanced Payroll upgrades.
Related Articles
Questions?
If you have more questions, please contact BusinessHub's support desk on 1300 733 071 or raise a Support Case.