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Section A - Preparation For End Of Financial Year

This article will link to all the relevant articles which are required to complete the preparation for End Of Financial Year obligations. 

  1. Backup Your Wagemaster File To File Manager.
  2. Backup Your Agrimaster File To File Manager.

  3. Update To The Latest Version Of Wagemaster.
  4. Ensure You Are On The Latest Version Of Agrimaster.
  5. Check Previous Earnings From Your Old Payroll System - New Wagemaster customers only. 
  6. Enter Your Year To Date Totals Into Wagemaster From Your Old Payroll System - New Wagemaster customers only. 
  7. Determine The Last PPE (Pay Period Ending Date) For EOFY - If you have a Weekly or Fortnightly Pay Period, PPE date of  June 2021, and your EFT payment date is before Thursday 01 July, you can skip this step. Step 8 and 9 can also be skipped if you have monthly pays, with a PPE date of 30 June and an EFT payment date before 01 July.
  8. Adjust Taxation Year-End Boundaries For End Of Financial Year.
  9. Determine And Adjust Super Boundaries.
  10. Confirm Company Details - Review your company details in Wagemaster by checking the legal/trading name, ABN and addresses, etc ensuring they are all correct.
  11. Confirm Allowance And Deductions Settings.
  12. Check Employee Details
  13. Confirm Superannuation Settings.
  14. Verify Your JobKeeper Payments 
  15. Enter Fringe Benefits - If applicable. 
  16. Reporting Fringe Benefits Tax Exemption - If applicable. 
  17. Process Your Final Pay Run By 30th June - If you want to fall within this financial year.
  18. Process Your Super Payments By 30th June - If you want to fall within this financial year.
  19. Reconcile Wages And Tax In Wagemaster And Agrimaster.
  20. Reconcile Super Between Wagemaster And Agrimaster.
  21. Print Reports & Reconcile Payment Summaries’ Values

Continue To:

Section B - STP Reporting Actions For End Of Financial Year

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