What's New 10-11-2015 for Australia

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MYOB Staff Post Sally_Garton
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MYOB Staff Post
MYOB Staff Post




What's New 10-11-2015 for Australia

Here’s what is coming is in the recent release for our Australian clients..


Seven new templates for Australia include:


  • Loan Reconciliation – a simple loan summary allowing the user to enter the opening balance, interest and fees to reconcile to the loan balance
  • Entertainment (detailed) – A detailed breakdown of entertainment expenses including in-house dining, internal and external expenses to determine the deductible and FBT components
  • Service Fee Calculation – A workpaper to determine the amount of service fee payable for service trusts with a percentage of wages, rent and depreciation
  • GST Annual Adjustment Election – A document designed to be printed and signed by the client declaring the use of the GST annual election rules for small business entities
  • Div 43 Write-Off – A workpaper to calculate the deduction for capital works under Division 43
  • Trust Information Sheet – A workpaper designed to capture all trust information such as trust deed, the powers of the trustee designed to stay as a permanent workpaper to be rolled every year
  • MV Expenses Schedule – A detailed schedule of motor vehicle expenses including private and business use and log book details


Sally Garton
Senior Product Manager
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