Determine The Last PPE (Pay Period Ending Date) For EOFY

This article is for users to determine their last pay period in the financial year and make the payments accordingly.

ATO requires:

• All salary and wage payments must be reported in the financial year they are received (i.e., paid to your employees).
• The STP payment date determines the financial year in which the payment falls.

In Wagemaster, the STP payment date results from the EFT processing date.

The example below shows the EFT processing, and so the resulting STP payment date is June 30, 2025.

The last day of the 2024/2025 financial year falls on Monday, 30th June.

If your company has a PPE on or before 30 June 2025, where the EFT date to process the EFT file is July 1 or later, then this will result in an STP payment date of the same value.

This means that the June 30 PPE, with an STP payment date of July 1, needs to be reported in the new financial year, not the 2024/2025 financial year.

If this is the case for your business, you need to change the financial year period end to exclude any PPE dates in Wagemaster that fall on or before June 30, 2025, where the EFT & STP payment date to the employees will be made in 2025/2026 financial year.

If both the PPE date and the STP payment date to employees are in the same financial year, no action is required.

The last Sunday of the 2024/25 financial year falls on Sunday, 29th June. So, if your company has a PPE on or before 29th June 2025, where the payment to staff will be received on Monday 30th June 2025, it would need to be reported in the current financial year 2024/2025. However, if the payment is received on or after 1 July 2025, this payment needs to be reported in the new financial year, not the 2024/25 financial year.

Please Note

If you have a weekly or fortnightly pay period, a PPE date of 30th June 2025, and your EFT payment date is before Tuesday, 01 July; you can skip this step. This step can also be skipped if you have monthly payments, with a PPE date of 30 June and an EFT payment date before 01 July.

Year-End Boundaries For End Of Financial Year

If both the PPE date and the payment date to employees are in the same financial year, no action is required. The payment of the pay period ending 30/06/2025 should leave your bank account on 30th June 2025 by the bank cut-off times if you want to include it within this same financial year.

The last day of the 2024/2025 financial year falls on Monday, June 30.

So, if your company has a PPE on or before 30 June 2025, where the EFT date to process the EFT file is July 1 or later, then this will result in an STP payment date of the same value. So, the June 30 PPE with an STP payment date of July 1 or later needs to be reported in the new financial year, not the 2024/2025 financial year.

Determine your last payday in the financial year and create an additional pay run if required.