Sometimes employees wish to be STP finalised before year end because they are leaving the country and need to finalise their tax affairs before end of financial year.
There are a couple of ways to do this in Flare Pay:
1. Add the finalisation flag when processing a termination pay
2. Add the finalisation flag through the Year end menu
Finalising through termination pay
At the bottom of termination page, you can now check: 'Set employee to finalised in next STP Submission'
Finalising through Year End Processing
Flare Pay>STP Year End
- Choose the financial year
- Select Sear/Choose Employee
- Enter the employee name or click on space to select an employee from drop-down
- Click 'Finalise'
Some handy tips and things to note:
Then, in the next payrun, you should see a 'finalised' flag next to their name in the STP Tab in Payrun Management and STP Processing details screen. You will submit their finalisation with your next regular payrun.
Through the Year End processing, you can unfinalise an employee or group of employees if you make a mistake by making the same selections and clicking 'unfinalise'.
If you pay the employee again post finalisation payrun, they will automatically become unfinalised and you will need to finalise them again if you want them to remain on finalised status.