Single Touch Payroll (STP) is a mandatory reporting obligation for Australian employers, requiring real-time reporting of payroll information to the ATO with each pay run. Tracking STP compliance ensures timely lodgement of pay events, accurate year-to-date reporting, and proper finalisation at year-end to avoid penalties and maintain good standing with the ATO.
STP reporting includes wages, PAYG withholding, superannuation liabilities, and employment information reported on or before each payday. The system maintains a complete audit trail of all lodgements, amendments, and finalisation events, providing transparency and accountability for payroll compliance throughout the financial year.
Exacc automates STP lodgement as part of the payroll process, ensuring pay events are reported to the ATO immediately after approval. The STP dashboard provides real-time visibility of lodgement status, year-to-date totals, amendment history, and compliance alerts to help you maintain continuous compliance with ATO requirements.
Follow these steps to effectively track STP reporting in Exacc and maintain comprehensive compliance records for your payroll obligations.
Your STP reporting is tracked successfully - all pay events are monitored and comprehensive compliance records are maintained for ATO requirements.