Single Touch Payroll (STP)

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Re: Single Touch Payroll (STP)

If I upgrade from Enterprise v19.15 to 2018.2, when the update for v19.15 to handle stp becomes avail can I upgrade to that or would it be pointless? We don't use multi currency, location or negative inventory. So is there any other features I would loose by changing to 2018.2? As we currently stand the v19.15 does not run payroll, not sure if anyone else has had this issue?

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MYOB Moderator
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Re: Single Touch Payroll (STP)

Hi @Oceana

 

As AccountRight v19 will not be receiving an STP compliant upgrade, to remain compliant with STP reporting requirements you would need to consider upgrading to AccountRight v201X.

 

As of the time of posting, multi currency,  multi location and negative inventory are only available within the AccountRight v19 range, along with the M-Powered range of services. That said there are a number of features included within AccountRight 201X which aren’t available in AccountRight v19, such as Bank Feeds, storing the file on the cloud and the In Tray

Regards,
Neil

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Re: Single Touch Payroll (STP)

Hi

 

Any update/s on STP compliance for Accountright V19.15 users (using multi-currency)?  I understand that deferral was given until end of May 2019 but we just need to plan ahead.

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Re: Single Touch Payroll (STP)

Hi @ArthurCortez-51

 

AccountRight v19 will not be receiving an STP compliant upgrade. Currently our team are working hard to develop a brand new multicurrency solution for AccountRight 201X to allow AccountRight v19 users who require multicurrency to upgrade to the STP compliant 201X

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Neil

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Re: Single Touch Payroll (STP)

Hi @ArthurCortez-51 - AccountRight update 2018.3 was released recently in Australia. It includes a beta version of multi-currency for importers. Another update following later this year, will extend this feature to cover exporters.

 

To download it, log-in to your my.myob account and go to My Products / Downloads.

 

Kym Yeoward, CPA & MYOB Adviser (CC)

Palmerston NT

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Re: Single Touch Payroll (STP)

Thanks Neil. Do we have a timetable?

 

 

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Re: Single Touch Payroll (STP)

Hi @ArthurCortez-51

 

The new multicurrency functionality within AccountRight 201X is being implemented in stages, with the first stage being implemented in AccountRight 2018.3 and subsequent releases containing additional stages of multicurrency. Currently I don’t have an exact timeframe for when these releases will be available

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Neil

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Re: Single Touch Payroll (STP)

Please advise when the multi currency mpowered version will be available.  thanks

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MYOB Moderator
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Re: Single Touch Payroll (STP)

HI @cupcake

 

Currently M Powered services are an AccountRight v19 service and not available in AccountRight 201X. That said similar services are being developed for AccountRight 201X.

 

The multi currency functionality is being introduced in stages in AccountRight 201X. Currently we do not have an exact release date for future releases of AccountRight

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Neil

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Re: Single Touch Payroll (STP)

Neil - will the new M-Powered for AccountRight 201X be ready before the 31/5/19 STP exemption expires?  If not, will an extension to the exemption be granted?

 

 

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