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If you’ve simplified your bookkeeping with bank feeds, there’s lots in this release for you to get excited about. It’s also easier to find transactions, order stock, and manage trusts and partnerships.
A big update to bank feeds
Bank feeds (free with your AccountRight subscription) have revolutionised the way Australian and New Zealand businesses keep their books up to date. Take a look at these five big improvements that make approving and reconciling transactions even easier and faster:
Approve everything with one click
If you’re happy with how AccountRight has matched transactions or applied rules, you can now approve all the suggestions with one click.
Faster one-by-one approvals
Prefer to approve transaction matches one by one? You can now click your way through the list without having to wait for each approval to finish processing.
The Match column is now sortable
It’s now easier to see what’s left to approve. Click the Match column header and all unmatched transactions that are awaiting approval will appear at the top of the list.
Set up bill payment rules
[Not available in AccountRight Basics] You can now automatically match bill payments that come through your bank feed to the right supplier. With bill rules, payments can be matched to a supplier based on the transaction’s bank statement description.
Reconciling’s never been easier
The Bank Feeds window now shows you the latest statement balance provided by your bank (most banks support this). And if you click the new Reconcile button in the Bank Feeds window, the statement’s closing balance and date will be brought across to the Reconcile Accounts window, making it easier to finish off reconciling your account. See it in action below!
Find transactions faster
The new Search field in the Bank Register makes it easier to track down a payment or receipt. Enter all or part of a cheque number, card name, dollar value, memo or date and your list will be filtered to match your criteria.
And in the To Do List you can also search from any tab, so it’s easier to find recurring transactions, invoices and bills that are due, and the orders you need to process.
Handle profit/loss distributions
Managing profit/loss distributions to partners or beneficiaries was a little fiddly in previous AccountRight versions. Now you just let AccountRight know each person’s profit percentage (go to Setup menu > Profit/Loss Distribution) and everything will be taken care of for you. Learn about setting up profit distributions.
The current year’s profits or losses are distributed to each person’s Current Year Earnings account in real time. When closing the financial year, the amounts are transferred to their Retained Earnings accounts automatically.
Easily order stock you’re running out of
[Not available in AccountRight Basics] Here’s a bunch of great improvements to the Stock Alert feature (To Do List > Stock Alert tab) that make it easier to order and build what you need:
Faster and more stable
With every update, we fix as many bugs and performance issues as we can. Here’s what we fixed in this release:
Get the update
This update is rolling out to all AccountRight subscribers over the next few days. If you’re using AccountRight 2013.1 or later (Australia), or 2013.2 or later (NZ), you'll be prompted to update when you open your company file. Or, you can download the installer by signing in to my.myob.com.au or my.myob.co.nz .
Using an older AccountRight version? Visit the AccountRight Upgrades and Updates page on the MYOB website to download the latest version: (AU | NZ).
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