Be prepared for Single Touch Payroll with Cashflow Manager

Single Touch Payroll (STP) is almost here and Cashflow Manager is working with the ATO to make sure that you are ready to go when it becomes mandatory for businesses with 20 or more employees on 1 July 2018.

Cashflow Manager Gold and Wages Manager will be compliant at this date and will deliver an easy-to-use solution to make this change as simple as possible for you.

What is Single Touch Payoll?

Single Touch Payroll is a new simpler way to report payroll information for your employees. This reporting change will mean that all employers report payments such as salaries and wages, PAYG withholding and super information electronically through the ATO directly from their payroll software each time they do a pay run.

As a result of this, you will no longer nee to complete payment summaries at the end of financial year as it will have already been done and be available to your employees through myGov.

What do I need to do?

Single Touch Payroll will be mandatory from 1 July 2018 for businesses with 20 or more employees.

Do a headcount of all the employees you had at 1 April 2018. If you had 20 or more employees on this date, STP will be mandatory for your business. If you have 19 or less employees you can choose to adopt STP at this time as well.

We will send you notification via email when the program update for Single Touch Payroll is ready to be installed.

If you do not currently use our payroll solutions, you may wish to download and become familiar with our Cashflow Manager Gold software as it will be enabled for this new method of reporting. This way you will be prepared for when STP rolls out.

How is this different to what I do today?

If you have employees, each time you do a pay run you will report the tax and super information straight to the ATO from your payroll software.

You will not need to provide payment summaries to your employees for the payments you report through STP. Employees will be able to view this information through their myGov account instead.

If you do not have employees, this change won’t affect you.

Cashflow Manager exist to make life simple for small business owners. We want to help you spend less time worrying about tax compliance and doing your books correctly, and more time doing what you love. That’s why we are working on making your transition to single touch payroll as simple and pain-free as possible.

Comments (35)

  • Garry Reply

    Hi, I currently use STP and has been working fine, my employees are seasonal so don’t have a pay every week and they are paid piece work. I submitted one pay for one employee with the wrong date and it was all good went through fine, but I deleted the pay in wage manager so that i could do it again with the correct week ending date and it comes up for lodgement now with the next pay run.
    All figures are fine with the ATO just need to know how to put it back into wages manager without it needing to be submitted to the Tax Office again?? Can i just tick the box on the single touch payroll report already sent?

    06/09/2019 at 1:07PM
    • Madi Reply

      Hi Garry, Yes when you re-enter the pays into Wages Manager you can then go into the STP function, tick the pays you don’t need to send, then go to ‘Functions’ and select ‘Mark file as Sent’. Then close out of STP and when you come back in they will be removed from the list.

      06/09/2019 at 1:36PM
  • Jane Reply

    Hi
    I have CFM gold and today I registered for single touch payroll and have entered all the previous pay runs in CFM wages.
    I have followed all of the instructions but it will not submit data as there are several entries for each employees and an error message is coming up.
    How do i get the previous pay runs to STP?

    03/09/2019 at 4:00PM
    • Madi Reply

      Hi Jane, If you are getting an error message, can you please send a screenshot of the message to info@cashflow-manager.com so we can assist you.

      04/09/2019 at 10:51AM
  • graham foley Reply

    Hi there!

    I am a sole trader (in my company) and have nil staff, but do contribute to superannuation to spouse and children…on a once-off payment per annum. I currently use CFM. Do I need to use STP at all?

    Kind regards,

    Graham

    28/08/2019 at 5:34PM
    • Madi Reply

      Hi Graham, I would suggest checking with the ATO or your accountant in regards to this question. They will be able to advise you.

      02/09/2019 at 12:19PM
  • Peggy Reply

    Hi , I have resisted to STP , but when I click on the function in CFM , the entry form to be completed appears but am unable to put any entries in and if and when I can , can I put in wages paid from beginning of this financial year .? Thanks Peggy

    16/08/2019 at 7:47AM
    • Madi Reply

      Hi Peggy, When you registered for STP you would have had to put in the YTD figures so that you don’t have to put in previous pays. Now you would just process your next pay run and lodge that. Then continue processing the pays and lodging them each week.

      16/08/2019 at 8:57AM
  • remission Reply

    Hеy very nice blog!

    02/08/2019 at 8:47AM
  • boekhouding breda Reply

    Keep this going please, great job!

    11/07/2019 at 2:07PM
  • Julie Greentree Reply

    Hi

    How often do we need to submit stp? Each pay run? Monthly?

    Thanks
    Julie

    10/07/2019 at 8:44AM
    • CFM_Kelly Reply

      Hi Julie you need to submit STP after each pay run.

      29/07/2019 at 1:55PM
  • grace manthorpe Reply

    I have Cashflow manager Gold can I do single touch payroll with this programme

    09/07/2019 at 3:47PM
    • CFM_Kelly Reply

      Hi Grace yes you can but you need to ensure you are on the latest version which you can download from the downloads section on our website.

      29/07/2019 at 1:57PM
  • Peter Freeman Reply

    I have 8 employees. what Cashflow manager do I need if I use it for book keeping as well.?

    28/06/2019 at 2:01PM
    • Madi Reply

      Hi Peter, you would need Cashflow Manager Gold for all your reporting needs.

      29/07/2019 at 2:22PM
  • Kathryn Herbert Reply

    I have only ever used the manual book from Cashflow Manager. I was looking at the Wages 1-4 to install so I can now be compliant. My husband is a director and owner of the business. He receives a weekly wage from our business. On top of that we have 4 employees. Because my husband is the owner and director is he included in the employees. Am I still able to use the Wages 1-4 even though including my husband there will be 5.

    22/06/2019 at 1:54PM
    • Madi Reply

      Hi Kathryn, Wages 1-4 is designed to have a maximum of 4 employees in the system. If you have over 4 employees, you can subscribe to Wages Manager.

      29/07/2019 at 2:10PM
  • Fiona Hasell Reply

    We use the CFM for wages. When is the update for STP released? We have 10 employees. I need to be set up by July 1 2019 and have not received any emails yet.

    29/05/2019 at 9:26PM
    • Madi Reply

      Hi Fiona, The STP update is available to download from the downloads section of the website

      29/07/2019 at 2:19PM
  • Ilmiya Asanova Reply

    I am an accountant and need to report on behalf of my clients.
    Can I use Cashflow manager to do multiple businesses.
    My clients cannot do it by themselves

    03/05/2019 at 10:51AM
    • Madi Reply

      Hi Ilmiya, Yes you can report on behalf of your clients. For more information on this please email info@cashflow-manager.com

      29/07/2019 at 2:28PM
  • Carly Reply

    Hi to submit the STP will i need a subscribtion to a data transfer software like Message exchange?

    19/03/2019 at 7:56PM
    • Madi Reply

      Hi Carly, to be Single Touch Payroll compliant you will need an active Cashflow Manager subscription. If you need further information, please send an email to info@cashflow-manager.com

      29/07/2019 at 2:55PM
  • Rebecca Reply

    Is CashFlow Manager ready for small businesses with 19 or less people for the July 2019 implementation date? And are we able to start using it now? Thanks Rebecca

    18/03/2019 at 9:37AM
    • Madi Reply

      Hi Rebecca, Yes Cashflow Manager Gold and Wages Manager is Single Touch compliant.

      29/07/2019 at 3:58PM
  • Maggie Wake Reply

    With only 4 employees and doing wages manually we do not use the wages portion of cash manager. Will we need to order that and change to STP reporting?

    10/03/2019 at 5:58PM
    • Madi Reply

      Hi Maggie, You would be looking to upgrade your Cashflow Manager to Cashflow Manager Gold to be Single Touch Payroll compliant. If you have any further questions please send an email to info@cashflow-manager.com

      29/07/2019 at 4:04PM
  • Kall Reply

    Hi there
    Has cashflow manager got the single touch payroll option yet as of 1st July 2019?

    25/02/2019 at 6:10PM
    • Madi Reply

      Hi Kall, Yes our Cashflow Manager Gold and Wages Manager programs are both Single Touch payroll compliant.

      29/07/2019 at 4:08PM
  • Eddie Celeghini Reply

    Will there be a requirement to have an Auskey to use single touch payroll with Cashflow Gold (Wages)

    07/08/2018 at 5:13PM
    • Rebecca Bendikov Reply

      Hi Eddie,
      Thanks for the comment. It’s my understanding that Single Touch Payroll does not require you to have an Auskey but you will need to have a MyGov account.
      Kind Regards, Rebecca

      16/08/2018 at 1:56PM
      • Kathryn Herbert Reply

        So Rebecca,

        In regards to Eddie Celeghini’s question and the Auskey. Do you have to have a MYGOV account for your business…I’m confused? I obviously have a personal one. As does my husband. We had to use different email address so my husband used our business email to login in.
        And once we start are we supposed to advise ATO of anything??? Do we just purchase software and start???

        30/10/2019 at 3:31PM
  • Robyn Reply

    I have a very small business. I have 7 employees, 4 occasional.
    I use Wages Manager. What has changed for me?

    31/07/2018 at 2:56PM
    • Rebecca Bendikov Reply

      Hi Robyn,
      The main changes to Wages Manager include the new 2018/19 tax scales for PAYG. There was also a change to the employee tax file declaration which will impact you if you employ someone new. Single Touch Payroll is for businesses with 20+ this year, but as of July 2019 you will be required to use Single Touch Payroll for your business. Hope this helps! Kind Regards, Rebecca

      01/08/2018 at 3:51PM

Leave a Reply

Your email address will not be published. Required fields are marked *