Hi usergurps4u,
Thanks for posting in the Community. Before you start the finalisation event, ensure you have at least successfully lodged your last pay run for the financial year. Once that has been successfully lodged, you can begin the finalisation process.
If, after having successfully lodged a finalisation event for a specific pay schedule, you realise that an adjustment or adhoc pay needs to be processed, you will need to:
- Create an amended finalisation event. You must also do this as quickly as possible to make sure the employee does not use an outdated Income Statement to lodge their tax return.
- If you're unsure of when you'll be able to do this, we strongly suggest you create and lodge an update event for the employee and mark as Is not final so that the status of the employee's Income Statement is no longer 'Tax ready'.
To lodge an amended finalisation event, select the dropdown next to Start Finalisation Process and select Create an amended Finalisation Event from the Single Touch Payroll screen.
For more detailed information, you can check on this article: Processing Finalisation Events using an Update Event in QuickBooks Online.
Feel free to drop a comment below if you need further assistance. Have a great day!
