As part of the payroll process, the following will be documented:

• Bank Account Reconciliation (including credit cards)
• Aged Payables  
• Aged Receivables  
• Liabilities
• Reconciliation of loan accounts and intercompany loans

Payslips are emailed or otherwise available to staff via payroll online portal.

ATO Single Touch Payroll (STP) is a new way of reporting tax and super account information to the ATO and will be introduced for all Australian businesses from 1 July 2019.

If you have an existing cloud payroll system such as what is available through Xero payroll, Quickbooks payroll or MYOB payroll, the information is sent automatically every time a pay is run. We can assist you in ensuring that you remain compliant with the new ATO requirements.

ATO superannuation account management is handled by the accounting software as far as what amount is owed to whom. Paying super to employees is to their super account is carried out by the client at the end of each quarter.