Practice Company Explained

!With the release of Single Touch Payroll (STP) in Version 18, the Practice Company has now been updated with the new requirements. You are still able to process pay runs in the Practice Company, but you will be unable to create and submit any Single Touch Payroll (STP) Files.

The Practice Company is LIMITED to 2 Active employees and includes example Awards, Superannuation Funds, Pay Types and Employees. It has been designed to allow data entry, dummy pay run processing and report generation which will allow you to familiarize yourself with the program before establishing your own Company. The data within this Company is constantly updated and if used for testing purposes, can be reset at any point.

How do I update the Practice Company for FYE 30 June 20XX?

1. Click File then Open.
2. Select Practice Company.
3. Click Open.
4. Click Utilities > Reset Practice Data
   

How do I open the Practice Company?

1. Click File then Open.
2. Select Practice Company.
3. Click Open.
   

Can I add my own Awards & Agreements and Super Funds in the Practice Company?
Yes, New Awards & Agreements can be added in the Practice Company

How do I run a Pay Run in the Practice Company?
Follow Pay Run Procedure