EOFY Payroll Processing - Part 1 - Ending the Financial Year Video

In this video, we follow the ‘End of Financial Year Payroll Processing’ checklist to learn the Payroll End-of-Financial-Year (EOFY) processes required at the end of the financial year.

After watching this video, watch the ▶️ EOFY Payroll Processing - Part 2 - Starting the Financial Year Video.

Want to skip ahead? Click here for timestamps.

00:53 - Step 1: Ensure your TASS Software is up to date

01:23 - Step 2: Check Employee TFN Declarations

03:03 - Step 3: Check Payroll Calendars

03:50 - Step 4: Complete the final Pay Run for the financial year

04:15 - Step 5: Complete Single Touch Payroll (STP) Finalisation

04:51 - STP Finalisation Step 1: Create an Update Event
06:20 - STP Finalisation Step 2: Generate Employee Data
06:57 - STP Finalisation Step 3: Check Totals
09:11 - STP Finalisation Step 4: Enter Reportable Fringe Benefits and Exempt Foreign Income
09:57 - STP Finalisation Step 5: Re-check Totals
10:35 - STP Finalisation Step 6: Apply the Final Flag
11:26 - STP Finalisation Step 7: Transmit to ATO

12:18 - Step 6: Complete a Year End Reset

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Filmed in TASS software version: 01.060.06.200.

Last updated: 17/06/2025.