Available for the following user access levels: Admin
An earnings reset event will report a $0 amount for earnings declared to the ATO for the financial year. We only recommend lodging an earnings reset event to fully reverse earnings incorrectly reported successfully to the ATO.
Getting started
Create an earning reset event
- Log into your payroll classic platform.
- Click on Reports on the left-hand side menu option.
- Click on the Single Touch Payroll option.
- Click on the downward-facing arrow on the Create Update Event button.
- Click on the Create Earnings Reset Event button.
Important
If you click on the Create Update Event split button dropdown but cannot click on the Create Earnings Reset Event option, this means you have not lodged any successful events for that financial year and so should not and cannot create an earnings reset event.
- Click on the Continue button in the pop-up box.
- Select the following options:
- Financial year
- Employing entity
- Employees.
- Click on Create button in the pop-up box.
Lodge an earning reset event
- Log into your payroll classic platform.
- Click on Reports on the left-hand side menu option.
- Click on the Single Touch Payroll option.
- Click on the Lodge with ATO button.
Explore related content
- Amend a Single Touch Payroll (STP) finalisation eventThis article will guide you through the steps to amend an STP finalisation event.
- STP tax categoryThis article defines an STP tax category.