Keeping data for 5 years / new sub
I'm currently a sole trader using Business Lite, and my accountant has just recently set up a Pty Ltd company for me. I'm about to move all of my business across to the new company.
I chatted w...
Forum Discussion
Hi Doreen,
Thanks for getting back to me, but this cannot be the only way forward, surely?
I've got 2 years worth of stuff in my current subscription, how is it possible to just 'jump in and download anything you'll need later'.
Even if I were to open up every single purchase transaction and download the PDF's, I'd just have a bunch of PDF's with no context.
What happens if I am audited by the ATO in 3 years from now? I'll have a bunch of supplier tax invoices to show them along with my bank statements. That can't be enough?
Surely there is a way for MYOB to give me a full dump of the data that I have uploaded since day one?
Hi bonez_AU,
Totally get where you’re coming from. Once that data extraction period wraps up, you won’t be able to get into the file anymore. The good news is, you can still pull out everything you need before the cutoff. I know dealing with loads of data can be a bit of a headache, but giving things a clear label tends to make life heaps easier.
At this point, the only way to keep your info is through the method mentioned.
Regards,
Genreve
