Step 6 - Set up your new financial year
The change in payroll financial year dates is to be completed once you have finalised your final payroll run and submitted your final STP. To change the dates, you select Tools > Application Options
On the following screen, click the + sign to expand the Global menu. After expanding the menu, choose Payroll.
Once Payroll has been selected, you will see your current payroll financial year dates displayed.
To update these dates, replace the existing ones with your new dates and click Save (found at the bottom of the screen). This action finalizes the reset of your payroll financial year. After entering your new financial year dates, you must set the superannuation cut-off dates to complete the transition to a new payroll financial year.