The AccountRight Blog

For the AccountRight 2019.3 release, we've added functions to some of our most popular features, including:  Multi-currency changes–– Send statements to your overseas customers, enter item prices in foreign currencies and easily access the currency calculator when changing rates in transactions. Bank feed rule enhancements–– Take transaction coding to the next level by creating bank feed rules that match transactions by a dollar amount. And for Australian businesses, bank feed rules can now be set up to mark taxable payments as reportable. In Tray enhancements–– Create a spend money transaction by uploading a document to the In Tray, saving you time on tedious data entry. Plus bug fixes and a set of small but helpful improvements.   [Premier only] Multi-currency enhancements  Send statements to your overseas customers  When sending statements to your overseas customers the amounts will now display in your customers currency. You can also add a currency code to your personalised statement to display the currency on your statement.           Item prices entered in foreign currency value Item prices can now be entered in the foreign value. We’ve made this change to reflect how AccountRight v19 handled items and multi-currency.     Easily access the currency calculator when changing transaction rates If you need to manually calculate the exchange rate, you can now easily access the currency calculator when changing the rate on a transaction.     Smarter bank feed rules Create rules for a dollar amount You make the rules and AccountRight plays by them. You can now set up bank feed rules for specific amounts. So, if you have regular amounts going through your bank account each month, set up bank feed rules for those amounts. AccountRight will then identify them and take care of the rest.     Create rules for reportable contractor payments (Australia only) Marking taxable payments as reportable has always been a manual process…until now. Say hello to a new bank feed rule option which does it for you.     Find out more For more information, see Bank feed rules.   Create a spend money transaction from an In Tray document You can now create a spend money transaction by uploading a document, such as a receipt, to the In Tray. This enables you to save time on manual data entry. AccountRight uses some smarts to read and automatically fill in as many of the fields on the transaction as possible.   All you need to do is check the details that have been automatically entered and enter any additional details that are needed.   If you use In Tray to create spend money transactions, you'll also: know that expense documents are stored securely online and easy to access have a proof of purchase for transactions, which is important for compliance. You can add documents and use them to create spend money transactions or link them to existing ones - just go to the Banking command centre, click In Tray and choose an option.   With your documents securely stored in AccountRight, you can then move the emailed originals to that special folder – trash!   Find out more For more information, see Attaching documents to spend money transactions.   Workflow improvements and bug fixes As always, this release includes some smaller changes and improvements to keep AccountRight running smoothly. New fields on invoice forms Improvement: There are 2 new columns available to use on item invoice and purchase order forms: Invoices> Item: EX PRICE 2 (price excluding tax) INC PRICE 2 (price including tax) Purchases Orders > Item: EX PRICE 2 (price excluding tax) PRICE 2 (price including tax) These columns are formatted to 2 decimal places instead of 6.   Faster reporting Improvement: We’ve improved the speed of the Business Insights Dashboard and the following reports: Sales reports: Customer - Analyse Sales [Customer - FY Comparison] Salesperson - Custom Payment Other Sales Report - GIS Customers Accounts reports: Categories - GL Summary Balance Sheet - Balance Sheet Balance Sheet - Balance Sheet Last Year Analysis Others reports: Inventory - Pricing - Price List Details Other Purchase Reports - Bill Transactions Accrual Copy transaction lists Improvement: Easily copy data from each tab on the Find Transactions window with a simple right-click > Copy List to Clipboard. You can then paste the data into other documents, like Excel.   [Premier only} Multi-currency bug fixes Fixed: We’ve fixed an issue where several reports were showing incorrect data on foreign currency transactions. These reports include: Accounts Receivable Reconciliation Summary/Details reports Accounts Payable Reconciliation Summary/Details reports Fixed: We’ve fixed a validation issue on Foreign Recurring Purchases and Sales (Foreign Recurring Purchases and Sales aren’t supported yet). Fixed: We’ve fixed an issue in which upgraded Classic AccountRight (v19) company files had incorrect balances showing on the bank reconciliation report. Fixed: Fixed a bug where gains and losses were overstated or understated on transactions with deposits.   Other bug fixes Fixed: Column widths weren’t saving in sales. Fixed: Importing data caused a (DataChangedConflict) error. Fixed: Payroll Advice report ordered employees by first name.   How to update You'll be prompted to update when you open your company file, or you can download the AccountRight PC Edition now (subscription required). If you need a different version (Server Edition, MSI, or older versions), you can find it on our AccountRight downloads page. For detailed information about installing the latest version, see Getting the latest version. ... View more

  New Australian  PAYG  tax tables apply from 1 July  201 9 . Install this update to e nsure your business stays compliant.     We also fixed an issue where the wrong form (or default form) was used when printing or emailing.   What’s changed?   Tax table changes  Tax rates and income thresholds changes  There have been no changes to tax rates or income thresholds for the 2020 payroll year.   HELP/SSL/TSL changes  The HELP/SSL/ TSL  tax tables will be renamed 'Study and training support loads tax tables' and will cover HELP.  VSL ,  SFSS , SSL,  ABSTUDY  SSL and  TSL .      STP  improvements   Update your  STP  details   Now you can update your  STP  details in AccountRight, without having to call MYOB or the  ATO .    In the  Payroll reporting  centre , click  ATO  settings  to update your name, phone number, and email.   To update your ABN or Software ID, click  STP  Settings  and follow the prompts.   Find out more.   Year-to-date Verification report   Compliance can be a headache, especially with a lot of employees. To take some of the pain out of this tax season, we’ve created a new report to help you verify the details you’re recording with the  ATO .  Find out more.   Payroll reporting centre - totals at a glance   Now you can see the totals for  Gross payments ,  PAYG  withholding ,  RFBA  and S ection 57A  RFBA  at a glance from the  Payroll reporting   centre  by scrolling down to the new totals row.     Other updates   Fixed:  We fixed an issue preventing custom forms and reports being saved and an issue where the wrong form (or default form) was used when printing or emailing.   What do I need to do now?   Complete these steps before your first pay run in July 2019:   Install the 2019.2.1 update when you’re notified in AccountRight.   After you  close your 2019 payroll year , go to the  Setup  menu and choose  Load Payroll Tax Tables .   Click  Load Tax Tables .   If you have more than one company file, repeat these steps in each file.   To check that the tax tables have loaded successfully, open your company file, go to the  Setup  menu and choose  General Payroll Information . The tax table revision date needs to be  01/07/2019 .     Our EOFY videos are just what you need.        We’ll also have a team of EOFY experts ready to answer your questions at selected times during June and July on Live Chat.        Watch now       How to update       If you’re using AccountRight Plus or Premier in Australia, you'll be prompted to update when you open your company file over the next few days , or  you can download the update from  my.myob.com.au  .       Installation tips   When installation is complete, you won’t see a confirmation message. You can restart AccountRight immediately after installing the update.   You won’t see a new desktop icon for the 2019.2.1 release. You can keep using the AccountRight 2019.2 icon to open AccountRight.   Your company file won’t need upgrading, which means computers using 2019.2 or 2019.2.1 can open your file (but you should still install this update on all computers).   If you already have Server Edition 2019.2 , you will be notified that an update is available, however you can’t install the update directly from AccountRight’s notification window. You’ll need to:   Uninstall your existing 2019.2 release from the server.   Download the full 2019.2.1 Server Edition installer from  my.myob.com.au   Install 2019.2.1 on the server.   If you already have PC Edition 2019.2  and you choose to download the full 2019.2.1 PC installer from the  my.MYOB  website, you will need to uninstall your existing 2019.2 software before you can install the new version. To avoid having to do this, download the “update” or “patch” installer instead (look for a . msp  file), or update when prompted in your AccountRight software.   If you have issues updating, see our  troubleshooting guide .     ... View more

Having trouble? Here are a few things you should know.    In this release, we’ve made it easier for you to run your business on an international scale. Plus, we’ve expanded reminders, introduced the ability for your customers to pay multiple invoices at once, and have introduced a new time tracking app! Here’s what this release has to offer:   With the addition of live exchange rates, accounting for international transactions just got easier. Plus, GST is now supported on foreign transactions and the summary reconciliation reports can now display amounts in local and foreign currency.   Need to track inventory across multiple warehouses? Using Multi-Location, you can manage inventory across multiple sites.   Save your customers time and get paid on time with AccountRight monthly reminders. It’s quick, simple and effective.   Allow your customers to pay multiple invoices at once. Customers can now see what’s overdue and pay multiple invoices in one go.   Use Time Tracking for AccountRight to log time entries and jobs on the go. Just download the app from the App Store and log into your existing AccountRight file to get started.   Plus speed enhancements, bug fixes, and other helpful improvements.   Note: Multi-currency and multi-location are only available in Premier.   [Premier only] Trade internationally with live exchange rates When you create a transaction, you can now have the peace of mind that you’re using the most current market rates – so that you’re not making errors when entering exchange rates. Learn more.     Report on amounts owed in foreign currency The Accounts Receivable and Accounts Payable Summary Reconciliation reports can now display foreign currency equivalents of amounts owing by customers and owed to suppliers.       Foreign credit cards open for business We already support foreign bank accounts, but with this release we also support foreign credit cards.       Upgrading from AccountRight Classic With this release, businesses using an AccountRight Classic V.19 file that includes GST on foreign transactions, foreign general journals or foreign credit cards can upgrade to the new AccountRight for the first time. Learn how to upgrade a multi-currency file from AccountRight Classic.     [Premier only] Track your stock, wherever it is, whenever you like When you receive and dispatch stock from multiple warehouses it can be challenging to keep track of inventory levels. Now with Multi-Location, you can create new locations and monitor your inventory across them with a few clicks.     Set up reminders and encourage customers to pay you sooner Nobody likes chasing their customers up for payments… With Unpaid invoice summary, you can automate these gentle prods, so your customers remember to pay their invoices at the end of each month. Learn more about Invoice reminders.       Allow your customers to pay multiple invoices at once Now your customers can select a few invoices to pay at once, saving them time while getting you paid on time! Learn more.       Log jobs on the go with Time tracking for AccountRight We’re excited to announce Time Tracking for AccountRight, a new app that allows you to create activity slips on the go! Learn more. Here’s what else we’ve improved and fixed We’ve improved the speed of many AccountRight reports and we’ve also addressed some pesky bugs. Speed improvements: Accounts ­– General Journal Transactions Accounts – Account Transactions (Cash) Accounts – Profit & Loss (Cash) Accounts – Job History Sales – Sales & Receivables Journal Transactions Purchases – Purchases & Payables Journal Transactions Purchases – Analyse Purchases (Supplier, Multi-Period & FY Comparison) Inventory – Inventory Journal Transactions Banking – Cash Receipts Journal Transactions Banking – Bank Deposit Slip Payroll – Payroll Advice Card – Card Transactions We’ve also improved the loading speed of the Item Register in large files. Issues fixed:    When creating a Pay Bill from the Bank Feeds window, the focus is now once again on the Supplier field instead of the Electronic Payments field. Fixed an issue that removed the dollar symbol and other formatting from item invoices. Fixed an issue that prevented the ability to change the Deposit To Account field after recording Receive Payments or Receive Money to Undeposited Funds. In 2019.1, creating receipt transactions from bank feeds incorrectly allowed the editing of the Deposit To Account field, and also resulted in the Customer field not having the initial focus. Both issues have been fixed. Fixed an issue in the Item Information window where price levels in Items that were created using the Copy From button sometimes didn’t update correctly. Items with a $0.00 value in a Time Billing order would cause AccountRight to crash. This has been fixed. Fixed an issue on service invoices where the line tax amounts incorrectly displayed $0.00 for blank lines and headers. Account Numbers that had leading zeros, for example 1-0100, caused sub-totals in Profit & Loss reports to incorrectly appear at the end of a section. This has been fixed. An issue was introduced in 2019.1 where the Price column on tax-inclusive item sales orders remained as tax-exclusive for both new and imported sales orders. This has been fixed. In 2019.1, bills on remittance advices and entries in timesheets were ordered incorrectly. This has been fixed. The Backorder List window did not appear as expected when attempting to record sales of certain items with insufficient quantities. This has been fixed. An AccountIdNull error appeared in certain cases when building Items or recording inventory adjustments. This has been fixed. Fixed an issue in 2019.1 where credit terms on recurring sales that were recorded from the To Do List window were incorrectly changed to cash on delivery (COD). Fixed an issue that was preventing the recap of purchase transactions recorded during locked periods. How to update You'll be prompted to update when you open your company file over the next few days, or you can  download the AccountRight PC Edition now  (subscription required).   If you need a different version (Server Edition, MSI, or older versions), you can find it on our AccountRight downloads page.   Installation tips When installation is complete, you won’t see a confirmation message. You can restart AccountRight immediately after installing the update. Your company file won’t need upgrading, which means computers using 2018.4.1 can open your file (but you should still install this update on all computers). If you need the   MSI installer  (for example you have terminal server or roaming profile network setup),  download it here  (subscription required). If you need the Server   Edition   you can   download it here   (subscription required). If you have issues updating, see our  troubleshooting guide .   ... View more

Need more options for saving time and getting paid faster? This release includes:   Fully customisable invoice reminders. Now you have more choice and flexibility in how you remind your customers about their unpaid invoices. This update lets you change the text and frequency of the automated emails you send to customers. Let customers pay multiple invoices at once (coming soon). You can already send your customers a full list of their open invoices, but soon those customers will be able to pay multiple invoices at once. Automatically save invoices to your In Tray when you work with other MYOB users. If the business you’re working with also uses MYOB software, AccountRight can upload your invoices directly to both of your In Trays and auto-code them for you. Record sales in foreign currencies. We now support foreign sales, so the majority of businesses who work with foreign currencies can move online. Finding transactions is quicker and easier. The new filter row in the Find Transactions window makes transactions a snap by letting you narrow your search with powerful filters. Plus speed enhancements, bug fixes, and other helpful improvements. Get paid faster with more invoicing options Customise the text and timing of your overdue invoice reminders  Chasing customers for invoices can be a delicate and time-consuming task. Email reminders lets you send automatic reminders when an invoice is due, saving you time and helping you get paid faster.   This release gives you more control over when you want to send a reminder, and what that reminder says. Want your reminders to be casual and friendly? Formal and serious? Or just the facts? You can edit the content to match your business style,   Maybe you want to give your customer a gentle reminder two days early, or a stern talking to when payment is a week late? The choice is yours.   Learn more about invoice reminders.   Keep customers accountable with unpaid invoice summaries You can now email your customers a monthly summary of their unpaid invoices. From this email your customers can open a full list of their unpaid invoices and check when they’re due.   Coming soon - Let customers pay multiple invoices at once Soon your customers will be able to open a list of their unpaid invoices and pay some or all of them at once.   If you have suppliers who use MYOB software, you’ll be able to do the same with your own unpaid invoices.   The list of unpaid invoices can be opened from either invoice reminder emails or unpaid invoice summaries, and customers will be able to be pay with Visa, Mastercard, AMEX or BPAY.   Save invoices to your In Tray when you work with other MYOB users. If the business you’re working with also uses MYOB software, AccountRight can upload your invoices directly to both of your In Trays and auto-code them for you. Just open the invoice and click Link to MYOB. That invoice and all future invoices from the same business will be uploaded directly into your In Tray. Powerful filtering in the Find Transactions window Find transactions quickly and easily with the new filter row in the Account, Bill, and Invoice tabs of the Find Transactions window. Just click the filter row and start typing, and the rows will filter automatically.   Can’t remember the precise payee in the memo field? Use a keyword with an asterisk in front of it like *filter to find transactions from all businesses with that word in their name.   Know how much the transaction was worth? Specify a value or range. For example, type >25 to find transactions over $25, or hover over a column header and click the filter icon to set a range.   Looking for a transaction in a specific currency? Specify one or more currencies with the filter on the currency column.   Still too many results? Narrow your results by combining multiple filters at once.   Foreign sales and more multi-currency updates Exporters can upgrade from AccountRight Classic (v19) If you have a business that exports items and services, we have big news! In 2019.1 you can record foreign sales and take foreign payments, so exporters who are still using AccountRight Classic (v19) can upgrade.   There are still a few unsupported features that could prevent you from being able to upgrade. This version doesn’t include support for GST on foreign transactions, foreign general journals, foreign credit cards and loans or foreign transactions with unsupported layouts (miscellaneous, time billing, or professional).   Learn more about upgrading from AccountRight Classic (v19) to 2019.1 Learn more about multi-currency and unsupported features   Multi-currency updates Here’s what we’ve improved for foreign currency transactions:   Reporting The Bank Reconciliation Report now displays the balances of foreign bank accounts and individual transactions in their specified foreign currency.   Rounding We’ve improved the way AccountRight handles rounding differences due to exchange rate fluctuations. Any rounding offsets from foreign currency transaction payments or debit/credit note settlements will be automatically allocated to the currency gain/loss account. Find Transactions The Find Transactions window now shows foreign currency values in the Bill, Account and Invoice tabs. Plus, we’ve added the filter row to all three tabs, so searching for foreign transactions is quicker and easier. See the Filtering in the Find Transactions window section above for more details.   Multi-currency limitations With this release, you can show foreign values on quotes, orders, and invoices. But for now there are some important limitations to be aware of: No online payments on foreign invoices You can share foreign sales quotes, orders, and invoices online with your customers in their designated currency, but you can’t take online payments on these yet. Invoices app only shows values in your local currency Monetary values on foreign quotes, orders and invoices are only displayed in your local currency (AUD or NZD), not in your customer’s designated currency. Emails from the MYOB Invoices app show the total in your local currency When you email a foreign quote, order or invoice from the MYOB Invoices App, the body of the email will show the total local currency value (AUD or NZD), rather than the total foreign currency value. You’ll need to remove this manually before you send the email. This doesn’t happen when you send an email directly from AccountRight. Invoice reminders show the total in your local currency Emailed reminders will include the total local currency value (AUD or NZD) in the body of the email, rather than the foreign currency value. Foreign invoices can’t be paid from the unpaid invoices list The Pay now button is disabled for foreign invoices, and the values are shown in your local currency (AUD or NZD) rather than the customer’s designated foreign currency. Statements show values in your local currency Emailed and printed statements only show values in your local currency (AUD or NZD) rather than the customer’s designated foreign currency. Buckle up - AccountRight just got faster Summer days are long but your work days shouldn’t be. Our engineers have been hard at work sifting through the AccountRight code and speeding up the parts that need it most. If you work with large company files or transactions with a lot of lines, these fixes could take minutes off tasks that you do every day, multiple times a day. The numbers add up!   Here’s what we’ve sped up: Opening a company file Loading the Sales, Purchase, and Bank Registers Switching tabs in the Find Transactions window Converting a purchase order to a bill and creating a purchase order from a sales order • Importing received payments using the Import and Export assistant Refreshing the Reconcile Accounts window Recording invoices or bills when the preference to check for duplicate invoices or bills is enabled Recording a sale or order from a recurring transaction   Workflow improvements and bug fixes As always, this release includes some smaller changes and improvements to keep AccountRight running smoothly. Columns in the bank register are now sortable Improvement: Click any column headaer in the Bank Register to sort by that column.   Tax Inclusive checkbox Improvement: When you click the Split button in the Bank Register to open the Receive Money or Spend Money windows, the Tax Inclusive checkbox will remember the setting last you used. Updating AccountRight for Server Edition users Improvement: When AccountRight needs to be updated, the message includes a link to the different version installers. The Server Edition is now included in the list .   Printing and previewing purchase forms Fix: In 2018.4 there was an issue that caused the Sales Amount fields on purchase forms to be blank when printed or print previewed. We’ve fixed this. Price column printing incorrectly on sales and purchase forms Fix: In the 2018.3 release a bug caused prices to only show 2 decimal places when printed on a sales or purchase form. Now prices will print up to 6 decimal places.     How to update You'll be prompted to update when you open your company file over the next few days, or you can download the AccountRight PC Edition now (subscription required).   If you need a different version (Server Edition, MSI, or older versions), you can find it on our AccountRight downloads page.     Installation tips When installation is complete, you won’t see a confirmation message. You can restart AccountRight immediately after installing the update. Your company file won’t need upgrading, which means computers using 2018.4.1 can open your file (but you should still install this update on all computers). If you need the MSI installer (for example you have terminal server or roaming profile network setup), download it here (subscription required). If you need the Server Edition you can download it here (subscription required). If you have issues updating, see our troubleshooting guide . ... View more

Say goodbye to mountains of paper, and move to digital storage of your documents—now you can attach documents like receipts and contracts to your Spend Money transactions and contact cards. Tax time will be easier with all your documents in one place, plus easy reference to those transactions you need to follow up on.   It’s also easier to stay compliant with a new pay run report. The Payrun Activity report helps you catch and fix errors before you record them.   Plus, import-only businesses that pay suppliers in foreign currencies can now upgrade from AccountRight Classic (v19) to AccountRight 2018.4.1! Read below to find out how.       Payroll enhancements  Preview your pay run Now you can preview your pay run and fix any errors before you record it with the Payrun Activity report, reducing the amount of rework and avoiding a knock on the door from the ATO. This report lists all payroll categories and shows the category totals for all employees on the pay run. You’ll be able to identify errors including:          Items mapped to the wrong ATO payroll category          Superannuation not mapped at all (therefore reporting 0)          Tax-free items that are not reducing gross amounts       Download your payroll report Download a PDF of your Payroll report from the Payroll Reporting Centre . This new report shows you exactly what you’ve reported to the ATO each time you do a pay run. You can:          View each employee’s YTD gross payments, tax withheld, allowances, deductions and super liability          View total employer pay run amounts for gross salary or wages and PAYG withholding Need more info? Check out our Single Touch Payroll reporting help page .     Improvement : To make it easier to check that your report has been accepted by the ATO—and to help everyone remember to do it—we’ve added a button at the end of the   Process Payroll   wizard that takes you directly to the   Payroll Reporting Centre .       Multi-currency Upgrading for importer businesses The 2018.4.1 release brings big news for import-only businesses using AccountRight Classic (v19). We’ve improved our upgrade assistant, so now importer businesses can upgrade and move their data over to the new AccountRight. Once importer businesses have upgraded, here’s what they’ll be able to do in AccountRight 2018.4.1:         Foreign purchase quotes, orders and bills (only item and service layouts are supported) ​         Printing and emailing foreign purchase transactions and remittance advices​         Full inventory tracking for foreign purchases, including receipt of stock off an order (Receive Items) ​         Setting default currencies on supplier card​s         Set global exchange rates from the currency list​ or when entering a purchase         Setting custom exchange rates for a specific transaction​         Create and reconcile a bank account using a foreign currency​         Create spend and receive money transactions using the foreign bank account​         Pay foreign bills and orders and track the realised gain or loss.         Purchase register enhancements (currency grouping, subtotals) ​ There are a few things it doesn’t include yet, and company files that include this unsupported data will have to wait until a future release before they upgrade:         GST on foreign transactions​         Foreign layouts that are NOT item or sales layout​         Foreign general journals​         Foreign sales Learn more about multi-currency in AccountRight 2018.4.1 Learn how to upgrade from AccountRight Classic (v19)     Revaluing foreign bank account balances Multi-currency users can now manually revalue the local balance against a foreign bank account, by recording a general journal entry. Users can now select a foreign bank account in the Record Journal Entry window and process debits and credits against other accounts. This revaluation will only affect the local balances shown for foreign accounts, not the foreign balances. Automatic revaluation will be coming in a future release.        Improvement : Now you can select foreign suppliers from the Primary Supplier for Reorders list in the Item Information window. View this list in the Inventory command centre > Items List > double click an item > Buying Details tab.   Fix : Any rounding offset amounts that may occur when applying foreign debit notes to a purchase, are now automatically allocated to the currency gain/loss account. This occurs when the last remaining debit amount is applied to a purchase, which closes off the debit note.   Fix: Rounding off-sets are now handled automatically when you make payments to individual foreign purchase bills or orders. This covers payments using   Pay Bills   and   Apply to Purchase   for debit notes.     Build a more efficient and paper free workplace! If your file is online in 2018.4.1, you'll be able to easily attach receipts and documents to transactions using the Spend Money Attachments window.  ​ You’ll be saying goodbye to mountains of paper files and move to digital storage of your clients’ documents and receipts. The documents are easy to access when you need them the most – making it easier to allocate expenses to the right transactions. ​ Compliance will be more efficient with all your documents in one place, plus you’ll have an easy reference point for those transactions you need to follow up on.  ​ Working with contacts in AccountRight? In this release you’ll also be able to add documents to any contact card. For example, you can add contracts to employee or supplier cards, making them easy to find and helping you build that paper free workplace. ​   Attach documents to Spend Money transactions (online only) Keep track of your clients’ receipts and documents by attaching them directly to the relevant transaction. Once your files are attached you can view, delete, and download them. In the Spend Money window, click the new Attachments tab, then simply drag and drop your files or click Add documents to attach them to the transaction .       Easily find transactions with attachments in your Bank Register (online only) New attachment icons let you see which transactions have attachments at a glance. Double click the icon to open the attachment window for that transaction.     Attach documents to your contact cards (online only) Easily keep track of contact specific documents by saving them directly to the contact card. Open the card, click the new Attachments tab, then drag and drop the document you want to attach or click Add documents . This works for any card type—customer, employee, supplier, or personal.       Set jobs for an entire invoice You asked for it, and we built it. Setting jobs for individual line items can be tedious, but now when you receive an invoice from one of our supplier invoice partners , you can allocate the full list of items to a single job by choosing it from the Set Job drop down menu.     Fix : When the preference Warn for duplicate supplier invoice number is turned on, you are warned if the supplier invoice number has already been used when bills are created. Warnings weren’t appearing when bills were created in the In Tray from automatic supplier invoices, but now they are. Fix : When you receive an invoice from one of our  supplier invoice partners , the supplier item numbers from the invoice are now matched to your Supplier Item Number in the Buying Details tab of the Item Information window. Before this release, the supplier item numbers from the invoice were matched to the Item Number in the Profile tab, which could cause problems if multiple suppliers used the same item numbers on their invoices.     Invoicing Invoice Reminders If you email directly from AccountRight , you can automatically send reminders to your customers to pay their invoices. Once you've set invoice reminders up, you don't need to be signed into your MYOB software for the reminders to be sent – they're sent automatically. New : We’ve listened to your feedback and have made some improvements to Invoice Reminders . You’ll have more flexibility to choose which customers receive invoice reminders. This improvement will be turned on before the end of 2018. Improvement : We’ve added new Reminders sections to the Email Assistant and the Invoice Payment Assistant . New users, or anyone who’s setting up a new file will be guided through setting up reminders.   Friendlier emails We’ve updated the default messages that are included in your emails when you send invoices, quotes, and orders. The original default message was a bit… tense. It said: ‘Please contact us immediately if you are unable to detach or download your Invoice.’ Now it says: ‘Hi, your invoice is ready.’ This change only affects the default messages. If you’ve ever edited these messages, your messages will stay as you set them. If you haven’t edited them, then your messages will be updated. If you’d rather write your own emails, go to Setup > Preferences > Email > Email Defaults .   Take control of your customer terms Improvement : We’ve updated the default setting for your customer terms for Invoices to help you get paid faster. This won’t change customer terms for existing company files. When you create a new company file, the new default setting will be ‘ Payment is due: In a Given Number of Days ’ and the number of days is set to 14 . Before this release, the default setting was Day of Month after EOM , which meant that the number of days before an invoice was due could be anywhere from one day to one month. Now the world is a little more predictable.       Other updates     Fix : In the last update, importing   Receive Money   transactions via the AccountRight import/export feature would result in an unbalanced transaction error. This only affected New Zealand company files. This has been fixed. Fix : Before the last update, ticked transactions in the   Reconcile Accounts   screen were highlighted in purple. In the 2018.3 update, this highlighting effect was missing. Now we’ve put it back.   Keep your version of AccountRight up to date If you’re using AccountRight 2018.2, you’ll need to update by Monday 14 January 2019. We won’t be supporting this version online after this date. How to update If you’re using AccountRight Plus or Premier in Australia, you'll be prompted to update when you open your company file over the next few days, or you can download the AccountRight PC Edition now (subscription required).     Installation tips When installation is complete, you won’t see a confirmation message. You can restart AccountRight immediately after installing the update. Your company file won’t need upgrading, which means computers using 2018.3 can open your file (but you should still install this update on all computers). If you already have Server Edition 2018.3 , you will be notified that an update is available, however you can’t install the update directly from AccountRight’s notification window. You’ll need to: Uninstall your existing 2018.3 release from the server. Download the full 2018.4.1 Server Edition installer (subscription required) Install 2018.4.1 on the server. If you need the MSI installer (for example you have terminal server or roaming profile network setup), download it here (subscription required) If you have issues updating, see our troubleshooting guide .   ... View more

  Multi-currency for importers is here If you’re an importer and you already have an AccountRight Premier online file, you can now turn on multi-currency!     In this release you can create purchase orders and bills in foreign currencies, make payments and track realised gains and losses, and more.   For a run down on exactly what multi-currency can and can’t do in 2018.3, see our multi-currency information page .   Multi-currency is still being built, so in this release it only works for importers. If you’re an exporter, multi-currency won’t work for you yet—but stay tuned, we’ll make it available for exporters in a future release.   More features for your in tray This release makes it easier to manage invoices—now you can get invoices sent directly to your In tray from certain suppliers, and forwarding invoices is easier with the In tray’s new unique email address.   Plus, the In tray now refreshes automatically, so you don’t have to click Refresh to see new documents.   Get supplier invoices sent straight to your software, from more suppliers We’ve partnered with Reece (AU and NZ), Metalflex (AU), Actrol (AU), and OfficeWorks (AU) to bring you even more supplier invoices, delivered straight to your In tray.   Every time you make a purchase from one of these suppliers, they’ll send a copy of bill straight to your In tray. When you create a bill from one of these invoices, line items like tax codes, descriptions, and costs are automatically imported.   Stay tuned for more supplier partnerships in the future!   Get set up with automatic supplier invoices .   Forwarding supplier invoices to your In tray just got easier Each In tray now has its own unique, secure email address. You can forward invoices directly to your In tray from any email address, as if you were sending it to another person.   If you have more than one company file in AccountRight you’ll still be able to send your invoices to the right one, because each company’s In tray has its own email address.   Best of all, you don’t need to set it up - just update to the latest version of AccountRight and it’s ready to go.   To find and use the new email address, go to your In tray, click Email Address, then Copy email address  and save the address as a contact in your email account. Then, simply forward any invoices you receive to this email address and they’ll appear in your In tray.         Improved : The In tray now refreshes automatically, so you don’t have to click Refresh to see new documents.   Fixed : A bug was causing line item prices on In tray bills to match the price set in AccountRight, rather than the price from the original invoice. We’ve squashed that bug.   Fixed : If a supplier card has the Reportable Taxable Payments option enabled, then any bill created from the In tray also displays that option.    Invoice Payment Reminders Get paid faster and save time chasing up payments with invoice payment reminders.   Calendar reminders for customers Now your customers can create calendar reminders to pay an invoice you’ve sent them, from the invoice itself.     When you send a customer an invoice through AccountRight with invoice payments enabled , your customer can click a Remind Me button to add it to their calendar. Reminders work for most calendars, including Google, Outlook, Office365, Gmail, and Apple Mail.   A reminder will appear two days before the customer’s invoice is due, and appear again on the due date unless they’ve already paid. From this reminder, your customers can open the invoice and pay it easily.     Coming soon: email reminders for unpaid invoices Soon you’ll be able to set AccountRight to automatically send email reminders to to customers with open invoices (online invoices only).  Stay tuned—email reminders are set to be released in October, and you won’t need to update AccountRight to use them.   Single Touch Payroll Setting up Single Touch Payroll (STP) is even easier with several improvements and fixes we’ve made in the last few months. These changes have already been made without you having to update AccountRight—so you might have already noticed them. We’re just bragging, really.     Finalisation:   Employers can terminate employees and notify the ATO through STP, removing  the need to prepare part-year payment summaries. Learn about   Finalisation in Single Touch Payroll reporting.     Turn on STP from the report page:   If you don’t see any reporting in the online reporting centre, but you've completed a pay run, you can now manually   turn on STP from the report page .   See why your payroll reports haven’t been sent:   Find out why your payroll reports have the status of Not sent, and how to resolve this with clearer information when you check the report. Go to   Payroll reporting centre , click the ellipsis ( ... ) button, then click   View report details .   Special characters : To make sure your payroll reports are accepted by the ATO, you won't be able to put special characters (like @, #, $, %, &, *, !) into the   Authorised sender   field when you process payroll.      That's all for this release —s ee you in a few months for 2018.4! ... View more

This release is for Australian businesses using AccountRight Plus or Premier only. If you’re in New Zealand, or use AccountRight Standard or Basics, you don’t need to install this update - 2018.2 is the latest version for you.   New PAYG tax tables apply from 1 July 2018. Install this update to ensure your business stays compliant.   What’s changed? Tax table changes The   top threshold of the  32.5% individual income tax bracket will rise from   $87,000  to $90,000 The top threshold of the  32.5% Working holiday makers tax bracket will rise from $87,000  to $90,000 A new lower minimum repayment rate and threshold applies for HELP debts A new tax offset called the Low And Middle Income Tax Offset (LAMITO) applies from July 1. People who qualifiy for LAMITO will recieve it as a refund with their tax return at the end of the new financial year, not as a change they'll see in their regular pay.   New Payrun Summary Details report We’ve added a new report that lets you preview your pay run data before you record it and send it to the ATO (through STP). The Payrun Summary Details report gives you a more detailed view of the information you’re sending to the ATO, including each payroll category and the hours associated with it, and the total amounts for the current pay run. You can generate the report during a pay run by going to the   Process Payroll   window   >   Employee Pays   tab, and clicking   Payrun Summary Details.   Other updates and improvements Improved: (AccountRight Server Edition only) We’ve added help for a ‘Server connection lost’ error. Fixed: We fixed an error that occurred for payroll categories, which prevented you from changing the STP category in files that were migrated from V19. What do I need to do now? Complete these steps before your first pay run in July 2018: I nstall the 2018.2.1 update when you are notified in AccountRight. Prepare your payment summaries for your employees and   close your 2018 payroll year.  Once you've closed your 2018 payroll year, go to the   Setup   menu and choose   Load Payroll Tax Tables. Click Load Tax Tables. If you have more than one company file, repeat these steps in each file. To check that the tax tables have loaded successfully, open your company file, go to the   Setup   menu and choose   General Payroll Information. The tax table revision date needs to be   01/07/2018.   EOFY videos, presented by Oi Yee Adams EOFY videos, presented by Oi Yee Adams Need help preparing payment summaries?    Our EOFY videos are just what you need.    We’ll also have a team of EOFY experts ready to answer your questions at selected times during June and July on Live Chat.    Watch now   How to update  If you’re using AccountRight Plus or Premier in Australia, you'll be prompted to update when you open your company file over the next few days, or you can download the AccountRight PC Edition now (subscription required). Installation tips When installation is complete, you won’t see a confirmation message. You can restart AccountRight immediately after installing the update. You won’t see a new desktop icon for the 2018.2.1 release. You can keep using the AccountRight 2018.2 icon to open AccountRight. Your company file won’t need upgrading, which means computers using 2018.2 or 2018.2.1 can open your file (but you should still install this update on all computers). If you already have Server Edition 2018.2, you will be notified that an update is available, however you can’t install the update directly from AccountRight’s notification window. You’ll need to: Uninstall your existing 2018.2 release from the server. Download the full 2018.2.1 Server Edition installer (subscription required) Install 2018.2.1 on the server. If you already have PC Edition 2018.2   and you choose to download the full 2018.2.1 PC installer from the my.MYOB website, you will need to uninstall your existing 2018.2 software before you can install the new version. To avoid having to do this, download the “update” or “patch” installer instead (look for a .msp file), or update when prompted in your AccountRight software. If you need the MSI installer (for example you have terminal server or roaming profile network setup), download it here  (subscription required) If you have issues updating, see our   troubleshooting guide.   ... View more

If you have 20 or more employees, you need to start reporting payroll information using Single Touch Payroll this year.   MYOB AccountRight 2018.2 is now STP ready. As soon as you’re ready, you can set up Single Touch Payroll reporting. Don’t stress if you’re not quite ready, if you’re using AccountRight 2018.2 you have until 31 December 2018 to start reporting.   Connect to the ATO – report your payroll information in real-time   To start reporting your payroll information to the ATO, you need to complete all steps in the connect to ATO process.   Anyone who will be processing payroll must go through the connect to ATO steps. Agents – you should get your clients to connect before doing it yourself. Each person must log in and do the connection steps using their own login details. You can't go through these steps on behalf of someone else.   Go to the Payroll command centre, click Payroll Reporting and then click Connect to ATO. Connect to the ATO The connection steps have a lot of help alongside them, so make sure you read the instructions before diving in (everyone reads the instructions first, right?). You can also read this first, to get an idea of what you might need before you start, Task 2 - Connect to the ATO for Single Touch Payroll reporting.   Reporting doesn't officially start until July 1   As soon as you connect to the ATO, reports will be sent to the ATO each time you process payroll. However, reporting doesn't officially start until 1 July. By starting now, you can ensure these reports are correct before this date. We recommend connecting to the ATO as soon as you can.   We know EOFY can be a stressful time. If you need a bit more time, don't worry, we've got you covered. Check your inbox for an email from us explaining deferral dates and numbers.   You will still need to prepare payment summaries for EOFY 2017/18, even if you start reporting now.   Taxable gross reduced behind the scenes, no need to map tax-free deductions to gross payments At EOFY, you’re used to reducing the taxable gross amount when preparing payment summaries by assigning the relevant payroll category (for example, salary sacrifice) to gross payments. This was how the gross salary was reduced to the taxable gross. You only need to do this manual step when preparing payment summaries.   When you’re reporting using Single Touch Payroll, gross is reduced automatically for deductions that are marked as a before-tax deduction. It doesn’t matter what ATO category this deduction is assigned to, even Not reportable ATO categories reduce the taxable gross amount that’s reported to the ATO.   To check if a deduction has been marked as tax exempt, or to mark it as tax exempt:   Open the payroll category. Click Exempt. Make sure PAYG Withholding is selected. Click OK. New online payroll reporting centre Once Single Touch Payroll is set up, you’ll be able to view the online payroll reporting centre. Go to the Payroll command centre > Payroll Reporting . Here you’ll be able to:   See all reports (pay runs) and their statuses View report errors with guidance on how to resolve them Send unsent reports Get your Software ID (if required) Payroll reporting centre in AccountRight Processing payroll is the same as always (almost) The big question is what does the new process payroll flow look like? The answer is, it pretty much looks the same as it did before. Apart from a few small tweaks.   There’s a new info box This lets you know Single Touch Payroll reporting is turned on.   New payroll reporting info box There’s a declaration you have to make Just like any other info you send to the ATO, you do need to declare the information you are sending is true and correct. Declaration during pay run There are going to be lots of improvements happening in the next few months, so watch this space and happy payroll reporting!           ... View more

AIM in a nutshell Calculating and paying provisional tax has been one of the most difficult areas of compliance because it relies on estimations based on your previous earnings. Pay too little and you get penalised, or you could pay too much depending on the year you’ve had. That’s not a great way of doing things.   What if you could calculate your provisional tax based on what you actually earned in a given period? That’s what AIM (Accounting Income Method) is all about.   AIM is the new ‘pay as you go’ option that offers better accuracy because all provisional tax calculations are done from within your MYOB software, based on your earnings for the period.   This means AIM is perfect for new businesses, or businesses with seasonal or fluctuating income because the tax payments will adjust with your earnings. But really, AIM is great for any business looking to take the guesswork out of provisional tax and reduce those pesky compliance costs.   It’s important to note that AIM is the fourth option for calculating and submitting provisional tax and doesn’t replace the existing methods (standard uplift, estimate and GST ratio).   We have heaps more AIM information (including eligibility criteria) on the AccountRight online help.   Sounds great! Where do I start? As with most big business decisions, it’s best to check in with your accountant or advisor to see if AIM is right for your business.   Given the green light? There’s no need to enrol or register to use AIM. You just need to set up AIM in your company file by mapping each account in your ledger to the AIM statement of activity (the form you file to Inland Revenue each period).   This is done by accessing the AIM settings page within the Prepare GST Return window. Map your accounts from the AIM settings page. After you’ve finished mapping your accounts, you’re all set to file your first AIM statement of activity!   Check out the AccountRight online help for more information on mapping your accounts and filing the statement of activity. ... View more

In this release we’ve made some improvements to Single Touch Payroll reporting, launched our new invoice importing feature, added features to the MYOB Invoices app, and made a dozen small changes too so you can enjoy a smoother workflow, more features, and fewer issues.   And, we’re excited to announce a test drive of multi-currency for AccountRight. The real thing is in the works, but for now you can try it out for yourself in the Clearwater sample file.   Single Touch Payroll reporting (AU) If you have 20 or more employees you need to be compliant for Single Touch Payroll reporting by 1 July. This release has everything you need to get ready (Plus/Premier only).  If you’re new to Single Touch Payroll reporting, now is a good time to prepare. It’s a big change, so we’ve created and gathered some resources to help you .   The Payroll Reporting window Single Touch Payroll reporting hasn’t come into effect yet, but the Payroll Reporting window is where you need to go to get ready for it.  To open it, click Payroll Reporting in the Payroll command centre .   Payroll Reporting on the Payroll command centre   From here you can check that your employee and company details meet ATO requirements.                                                       The Payroll Reporting window     A - Company Information View and update the company information that is reported to the ATO with your Single Touch Payroll information.   B - Check Payroll Details This is the first step to get your payroll information ready. Click to check that all employee and company information meets ATO requirements, and to check your payroll categories and which ATO reporting category they are assigned to. You can open and fix each item directly from this window.   C - Connect to the ATO This button won’t connect you yet, but we’ll be in touch in product to let you know when it’s ready. For now, it takes you to a checklist to make sure you’re ready to connect when it’s time.   Check your payroll details The Check Payroll Details window gives you a list of which employee and company information doesn't meet ATO guidelines or is missing. Before you can connect to the ATO, you’ll need to fix each of these items. This release makes the process simpler - now you can see the total number of errors, and edit items directly from the list by clicking the blue arrow next to each item.   You’ll only see the employees you need to check, because inactive employees are now excluded from the list. Payroll categories are now included in this check. If an employee hasn’t been assigned a category, you can click the blue arrow and assign them a category.   The ATO reporting category now defaults to ATO reporting category to be assigned , rather than Not Reportable . If you have any categories assigned to Not Reportable in 2018.1, they will be changed to ATO reporting category to be assigned and you’ll have to change them back again if needed.   Once you’ve checked your payroll details and fixed any errors, make sure everything is correct by clicking Check Payroll Details again to refresh the list.                       The Check Payroll Details   window     Superannuation Some ATO categories are now automatically assigned to superannuation payroll categories, saving you the work.   We've also added Reportable Employer Super Contributions (RESC) to AccountRight's list of ATO Reporting Categories. Now you can use this to assign superannuation categories which handle 'reportable' superannuation payments (as classified by the ATO guidelines ).   Employment termination payments There are new ATO categories that you can assign to payroll categories for Employee Termination Payments: ETP Taxable (Wages tab) ETP Non-taxable (Wages tab) ETP Tax withheld (Deductions tab)   Test drive multi-currency in the Clearwater Premier file As you read this, we’re building multi-currency for AccountRight Premier. You don’t need to wait to try it out though–this release gives you access to a multi-currency demo for importers in the Clearwater sample file.   Open it up, have a play, and see what you think.  To turn on multi-currency in Clearwater, go to Setup > Preferences > System and tick I Deal in Multiple Currencies .                                                 Turning on multi-currency in System Preferences   What can you do in the Clearwater file? Create a quote, purchase order and bill for Item and service layouts Set a default currency on a supplier card Set default exchange rates from the currency list Set a custom exchange rate for a specific transaction Create and reconcile a bank account using a foreign currency Create spend money and receive money transactions using the foreign bank account Pay foreign bills and track the realised gain or loss. View transactions grouped and subtotalled by currency in the Purchase Register What can’t you do in the Clearwater file? Create foreign sales quotes, orders and invoices. Receive items before being billed for them Create foreign purchases using the Professional and other layouts Create foreign recurring purchases View foreign currencies in forms and reports (but you can track the realised gain and loss from the Purchases Register window) Read more about  using multi-currency in Clearwater . And s hare feedback and ask questions on the multi-currency board in the community forum.   Want to join the beta program? Because we’re still building multi-currency for AccountRight, the beta isn’t suitable for everyone.  If you like what you see and you think it might be suitable for you, you can apply for the beta.   Read more about our beta program and register your interest .   Get invoices sent straight to your software with Officeworks (AU) If you have an Officeworks 30 Day Business Account, you can have your Officeworks invoices sent straight to your MYOB software.  Importing your invoices automatically saves you time on data entry, and means you can be sure your information is accurate.   To set it up, log in or sign up on the Officeworks website , and click Get Officeworks invoices sent to your MYOB software . Officeworks will email you to let you know when you receive an invoice, so all you need to do is go to AccountRight’s In Tray and save the invoice as a bill. Once your bank feeds come through, the bill is automatically closed off for you.   Officeworks is only the beginning. We’re working with new suppliers to bring you simpler invoice management from more companies.   Quoting on mobile is better than ever   MYOB Invoices is a mobile app that lets you invoice on the go. You can manage your accounts and contacts, see who owes you money, and record payments too. And everything you do is immediately synced with your AccountRight company file.   If your company file is online, and you have a compatible Android or iOS device, you’re ready to go—all you need to do is download and install the MYOB Invoices app.   If you use the MYOB Invoices app for iOS, this update makes managing quotes on your phone better and easier. You can now create, view, edit, preview as a PDF, print, and email quotes, straight from your phone. Update to the latest version of AccountRight to get access to all the features in your app.   These features are coming soon for Android users.   [Learn more about the MYOB Invoices app: Australia | New Zealand ]           The MYOB Invoices app     Taxable Payments Annual Report update (AU) If you work in the cleaning or courier industries, update now to get ready for Taxable Payments reporting. Taxable Payments Annual reporting will apply to courier and cleaning industries from 1 July 2018. These industries will need to submit the report at the end of the 2019 financial year.   We’ve updated references to taxable payments to include cleaning and courier industries in the following places:   Preferences > Reports and Forms Supplier Card > Buying Details > Hover tooltip Taxable Payments Assistant (Step 1)   Here’s what else we’ve improved and fixed The In Tray The In Tray now refreshes automatically when a document is uploaded. If you report taxable payments, new bills will use the Report Taxable Payments option from the Supplier Card . New item bills will update the unit price when an item is selected.   State & country validation (NZ) When creating and editing employee cards, there was a problem which prevented you from saving without entering a state. This also prevented importing employee cards using the Import/Export Assistant, and affected the API.  We’ve removed the need to enter a state.   Settle Returns & Debits window There was an issue on the Settle Returns & Debits window that caused totals to be calculated incorrectly when you applied debits to purchases. The total owed value didn’t include the subtraction of an applicable term discount.  Total owed values now calculate correctly.   Purchases window improvements We’ve fixed an issue which made the Enter Purchases window larger than normal. You can now shrink the window to fit your screen better.   When using the item layout in the Purchases window there was an issue which caused any columns you resized to revert to their original size once you closed the window. This is fixed, and your changes will be remembered.   Pay All shortcut We’ve restored the Pay All shortcut [ ALT + L ] in the Pay Bills window.   Simpler item entry with wildcard characters We’ve re-enabled wildcard searching in the Enter sales and Enter purchases windows, when filtering for items in the line entry grid.  This means that when you enter a sale or a purchase, you can use an asterisk in place of part of your search when selecting an item. For example, if you type *pring your results will include any item that has ‘pring’ in the title as all or part of a word.   ... View more