We’ve made deductions smarter—now you can set deductions to stop automatically once they reach a certain amount. Plus, you can link a single deduction to multiple employees, and deduct a different amount for each one.
Next week MYOB Essentials will be automatically updated with the new 2019-2020 compliance update. You don't need to do a thing! But here's a few things to keep in mind as you close out this financial year.
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. We've also update the Payroll centre to make your life a little easier.
Having a proof of purchase document against transactions isn’t just handy, it’s important for compliance. In Essentials, you can now attach files against Spend money transactions. Plus, you can link your Spend money attachments to your Bank transactions.
Ever tried paying 10 employees (all on different hourly rates) weekend rates? How about Leave loading? Overtime? Starting to feel stressed just thinking about it? You’d calculate the rate, create a new pay item for each employee and make sure you assigned them to the right employee, the right rate for the right hours. It was manual. It was too easy to make a mistake. Well, read on… because our new base multiplier is going to make this a thing of the past.
MYOB Essentials 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 Essentials you have until 31 December 2018 to start reporting.
This update adds headers to your accounts list, allowing you to group your accounts for more detailed reporting. And quantities can now be captured against transactions - great for rural or farming businesses. Finally, we've fixed the GST reporting on transactions with both income and expense. Phew! Let's dive in.