Your Easy Single Touch Payroll Just Got BetterYour Easy Single Touch Payroll Just Got Better https://spinifexit.com/wp-content/uploads/2019/02/SpinifexIT-Meet-Easy-Single-Touch-Payroll.png 810 356 SpinifexIT https://spinifexit.com/wp-content/uploads/2019/02/SpinifexIT-Meet-Easy-Single-Touch-Payroll.png
You asked, we delivered!
Many of our new and existing customers have started using Easy STP, our powerful reporting and reconciliation solution for the Australian Single Touch Payroll requirement which went live last October, to streamline their own single touch payroll reporting process.
We’re now in the process of releasing an improved and updated version of Easy STP which includes new features and functionalities based on our customers’ initial feedback and suggestions. This new version includes several new reports, small changes to existing reconciliation reports, and two of the most top requested features which I’d be glad to share with you on the update below.
Pre-reconcile Your Single Touch Payroll Using Test Run Results
The Challenge: One of the challenges that we have seen with customers reconciling their Single Touch Payroll solution has been related to the timing of this reconciliation.
The recommended approach from SAP is to produce the STP Submit Event file afterexiting Payroll. This essentially means that until you exit Payroll, there is no physical data held inside of SAP to reconcile back to the Payroll Results tables.
The workaround would be to either set the STP functionality to be able to run prior to exiting pay (Not recommended by SAP), or to run the STP reports in Test mode, then download the results into a local excel file for reconciliation. The option of downloading to a local file would mean a much more complex process to run pre-reconciliation.
We have had many customers ask about how they can follow SAP’s recommended approach but still reconcile their STP prior to exiting payroll. This would give the opportunity to fix any major concerns before even running Bank Files or Finance Postings.
Our Solution: The good news is that SpinifexIT has been able to address this business process by building into our Easy STP solution the ability to include the Test Run results into the reconciliation reports.
Essentially, this means that as soon as you have run the Payroll Run and have Payroll Results, you can now use our existing reports to reconcile to the Single Touch Payroll Test run values.
With this new feature, Easy STP will be able to simplify your Single Touch Payroll reconciliation process by triggering a call to the SAP program to calculate the STP figures and reconcile their values. This new process eliminates the cumbersome (and often error-prone) process of downloading STP reports in Test Mode and then addressing issues before exiting payroll.
Bonus Functionality – Reporting on the STP Submit Event Logs
Another improvement we’re adding into Easy STP is the ability to report on the logs produced when normally running the SAP Single Touch Payroll – Generate Reporting Data transaction. This gives you better options to report and distribute these details out to your internal teams for faster resolution.
For more information on the Easy STP Solution, please check out the resources below:
- Meet Easy STP – Watch our Webinar and see SpinifexIT’s Single Touch Payroll solution in action. If you have any questions about this session or if you’d like to request a separate demonstration for you and your team, email us at [email protected].
- Single Touch Payroll is Nearly Here for SAP Payroll – a handy blog post that summarizes the Single Touch Payroll Process and how SpinifexIT’s Easy STP solution can help optimize this
- Are You Ready For SAP’s STP Deployment – What are the required steps that you need to take to prepare for the STP roll out? Read the blog to learn more
- Reconciling Single Touch Payroll – Published 1 day before SAP’s STP roll out. I’m sharing some considerations during Go Live and how our Easy STP solution fits in the process.
Visit our booth at Mastering SAP HR & Payroll in Sydney on March 19 – 20, 2019
We will be sharing information about our booth number so you can easily find us, but for now, we’re inviting you to #ComeSeeSpinifexIT next month. We’d be very excited to show you our Easy STP solution in action during the exhibit.