Blog Post
MikeG1I guess what I and many others are struggling to understand is what is trying to be secured by this change?
The only risk that I see is that someone changes a supplier or employee bank account and we make a payment to a fraudulent account via a file payment. In the 21 companies that I look after only 8 are set up for file payments and the only people that can change bank account details are the admins (there are 3 of us). We all have to email each other if we're going to make a change before receiving the MYOB automated email. If we receive the MYOB email without warning we will question the others to see who did it.
From a payroll perspective, other than the admins, only 1 person has access to payroll information so could see TFNs and that is only in 1 of the 5 entities that have active payroll. An admins manages payroll for the other 4 entities.
Other than that I could care less is someone hacks us and sees our info. We make back ups periodically so at most we'd lose a couple of months worth of data if there was a breach and someone managed to lock our files.