Partnership Return Items 32-35

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Contributing User oldfellamcg
10 Posts
Contributing User
Contributing User




Partnership Return Items 32-35

When completing the Partnership Return when the business has ceased, all asset & liability numbers are zero. However, the tax return verification will not allow all numbers to be zero - at least one number must be more than zero. This seems incorrect when the partnership business has ceased and the return is marked 'Final'.

MYOB Moderator MattN
732 Posts
MYOB Moderator
MYOB Moderator




Re: Partnership Return Items 32-35

Hi @oldfellamcg


Thanks for your post!


The validation errors that MYOB Accountants Enterprise use are set by the ATO, not MYOB.  The ATO have a requirement that all of these fields cannot contain a $0 amount - even though logically when ceasing a partnership, you should have dealt with these accordingly.


the ATO's ELS gateways will not allow a return to be submitted that contains 0's in these fields (the field requires a value > 0).


the ATO and MYOB recommend simply putting a value of 1 on one of these fields to satisfy the requirements from the ATO ELS specification).



Product and Technical Specialist
Practice Solutions
MYOB Australia Pty Ltd

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