Single Touch Payroll Reporting (PAYEVNT.004) - Phase 2 Ready!
Single Touch Payroll (STP) Reporting is a game changer for many businesses, forcing them to upgrade their accounting software. There are some alternatives, including CSV uploads or keying payroll data directly to an online portal. For many this is just too much hard work.
For those who use MYOB® accounting and payroll software (Classic - all older versions or Live - current version), we have developed STP Creator. This is a STP reporting tool which will extract the payroll data directly from your MYOB® .myo or .myox company file, compile it into the correct format and then allow you to Lodge it directly with the ATO.
For those using MYOB® AR2023 and who don't want to go online for Phase 2, STP Creator is a great solution. Allows you to be compliant while keeping your company file off the cloud, and without the need to re-key payroll into another STP solution.
STP Creator allows all users of Classic or Live MYOB® (full version list) to comply with their STP Reporting obligations while continuing to use their existing software.
Although our software will extract data directly out of MYOB® company files, this doesn't mean you need to use MYOB® in order to use STP Creator. So whether you use a different accounting or payroll program (for example QuickBooks® or PowerPay®), or no software at all, STP Creator allows you to comply with your Single Touch Payroll obligations without having to upgrade or purchase payroll software just to comply.
STP Creator allows you to import all your data from a spreadsheet, or manually enter it on screen. After various edit checks are performed, your payroll data is converted to the appropriate format and sent to the ATO directly from STP Creator. All data is saved between sessions, just update YTD totals and the W1 W2 amounts from your payroll records.
STP compliance with minimum fuss (and no costly Cover or Live subscription)
Once set up, our software (STP Creator) allows you to comply with your STP obligations in just a few clicks and keystrokes. The process is automated with no need to key or change anything between pays.
STP compliance and no need to upgrade your existing software
An upgrade to MYOB's new AR2023 just for STP will not only cost a minimum of around $1200 per annum, your day to day use of your accounting software will take longer. AR2023 is known to be slower than Classic v19 for the majority of users. STP Creator allows you to continue to use the same MYOB® software you currently use for an annual fee from $111.
STP compliance and no need to re-train staff for a new accounting system
In order to comply with STP, many Classic MYOB® users have switched their accounting system to competitor products, rather than to upgrade to AR2023. Using STP Creator spares you the cost and disruption of having to purchase and learn to use a new accounting system.
STP CreatorFull details available here.