With the recent implementation of Single Touch Payroll (STP), not all software providers were ready for the 1 July 2018 roll out for businesses with more than 20 employees.
Here is a summary of the most commonly used software and where they currently stand in regards to STP-enabled status:
SOFTWARE | VERSION | STATUS |
XERO | • With Xero Payroll | Deferral in place to 31 December 2018 |
MYOB | • Account Right Live • MYOB Essentials |
Ready to go by 1 July 2018 |
MYOB | • AccountEdge • AccountRight Classic (those unable to move to online version – using multi-currency, negative inventory, M-Powered payment, ODBC) |
Deferral in place to 31 May 2019 |
QBO | • QBO payroll powered by Keypay | Ready to go by 1 July 2018 |
RECKON | • ReckonOne • Accounts Hosted • Reckon Accounts (2018 version onwards) • Payroll Premier (2018/19 version onwards) |
Ready to go by 1 July 2018(Done through GovConnect STP) |
If you were required to be STP ready by 1 July 2018 but have not set this up, please contact one of our consultants*.
* Employers which have more than 20 employees should have been STP compliant on 1 July 2018 unless a deferral has been put in place.
Key contacts:
Julian Cheong
Senior Business Analyst
+61 3 9810 0723
j.cheong@banksgroup.com.au
Natalie Chettle
Business Analyst
+61 3 9810 0770
n.chettle@banksgroup.com.au