All MYOB Advanced Payroll clients will be upgraded to the STP Phase 2 enabled version between February and June 2022. However, the upgrade won’t automatically switch to STP Phase 2 – each client will remain on the current version of STP until they complete their transition.
The STP Phase 2 transition requires each client to review and update reporting categories at three levels: company, employee and pay item. To guide clients through the change, we will be releasing our white paper that refers to the relevant ATO guidance in due course.
For many clients, the transition will involve a simple mapping. However, other clients might need to adjust pay item structures to align with the new reporting requirements – for example, allowances and overtime. These clients are likely to need more support and might need the assistance of your certified MYOB Advanced Payroll Partner, like Endeavour Solutions.
We strongly encourage our MYOB Advanced Payroll clients to transition to STP Phase 2 in the month they upgrade to allow enough time to plan and manage the migration across the entire MYOB Advanced Payroll community.