DuncanS
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Joined 13 years ago
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Re: MYOB Announcements Update - May 2026
Mike, Thanks for the reply. I have been with MYOB for some 28 years. During that time, I have always had a Partner Manager. I am a Gold Partner. Appreciate that providing a Partner Manager is a Cost to MYOB. MYOB should have advised that I no longer have a Partner Manager (if that is the case). The Partner Program has been in redevelopment Phase for nearly a year. You would recall that the Partner Search ceased - I understand that Xero and other Software still have a Partner Search. The Partner Search was only for Certified Consultants - Partners who were not Certified Consultants wondered why they were excluded. Xero had downtown in May (like MYOB) - a personal email of apology was received from the CEO of Xero. One often wonders why MYOB has the issues that it does - communication and genuine interest in Partners is paramount.30Views2likes0CommentsRe: Super reports
MYOB is showing Super as unpaid. Not all Business Owners will use MYOB to pay Super - in fact none of my Clients do. The Pay Super button is a good idea. The Unpaid Super Column can be confusing. Payday Super means more Business Owners will need to access MYOB themselves (this may cause problems). Many of my Clients do not want to (indeed have never) opened MYOB. Previously, I did monthly/quarterly Financials (reconciled all Balance Sheet Accounts) and advised Business Owners of the Super Payable. The ATO legislation regarding OTE (now QE) has changed over many years. How is a Business Owner expected to know what Leave Payments have SG and which do not? Recall watching a ATO Webinar where a discussion was held where Micro businesses could pay SG monthly after Accountant/BAS Review. The ATO has not advised. It is fair to say that the Labor Government appears not to have considered the time and effort and knowledge required to run a small business. Wholistically Payday Super is fine - implementation and the short time frame is certainly problematic for small business owners.30Views0likes0CommentsRe: MYOB Announcements Update - May 2026
Mike, As you, and MYOB, would know May/early June is the cutoff time for Tax Agents to lodge a Tax Return for the previous FY - probably the busiest timeperiod in the year for a Tax Agent. Tax Planning also occurs in this time period - cutoff date for paying Super is say 18 June. The AccountRight Conversion to Online Files also occurred in May and June - final day was 17 June. The Conversion did not go to plan as I could not locate a Partner Manager - the Call Centre in the Philippines gave me 2 names of people in Wellington NZ. My Dashboard under Contact MYOB did not and still does not indicate the name of my Partner Manager. I raised a Case with MYOB to determine who my Partner Manager might be. My suggestion is that communication from MYOB mentions the Partner Manager's name and contact details. In reply to my Case, Tom Carson contacted me and we are converting some 8 Files online (none of these Files have STP requirements. All files have quarterly BAS and the Q4 BAS is due in August - I have never used MYOB software to lodge a BAS as I give the Business Owner the ATO ICA. It would have been appreciated my Partner Manager had taken the initiative and interest to make Contact and offered assistance when the AccountRight Conversion was announced. Please advise Happy New Financial Year Duncan Smith29Views0likes2CommentsRe: Loan
Paul29 Earl_HD Paul, The Loan made would be a Asset in the Balance Sheet eg Loan to XYZ Company If the Loan is to be repaid by the Borrower within 12 months, record as a Current Asset. You may include the repayment amount and number of months in the Account Name. It may be that you print out the Loan Account for the Borrower on a regular basis. Duncan44Views0likes0CommentsRe: BAS
Princess_R Mau Princess, Does MYOB allow a lodged BAS to be printed? I send Business Owners a printout of the lodged BAS (from ATO Online Services). The ATO printout has a BPAY and shows the Balance owing after lodgement. The Balance owing is important as a Business Owner may prepay the BAS or some may have a Payment Arrangement with the ATO. Duncan45Views0likes1CommentRe: Solo Trader here - Person account to Business Account and back
dberner Earl_HD A Sole Trader uses a Equity Account called Equity/Drawings to record Personal Deposits or Withdrawals to/from a Sole Trader Bank Account. I agree with the MYOB article - The ATO also advises Business Owners to keep Business Transactions separate from Personal Transactions. Best to speak with your Tax Accountant for procedures in FY26. Has the Personal Bank Account been reconciled in MYOB? The Banks now match the Account Name when paying by Bank Transfer. It is important your Business Bank Account and EFT details on your Tax Invoice match. Duncan37Views0likes0CommentsRe: Balance Sheet and accrued annual & personal leave
lkl Doreen_P Iki, Good Question. Small Entities prepare Special Purpose Financial Reports. Normally, the Business Owner/BAS Agent/Tax Agent are the only parties using the information. A Bank can request the Reports they require - I understand Open Banking is in progress. A Business Owner should review the Leave Balances say quarterly. It is best practice for Accrued Annual Leave to be less than 4 weeks for an employee. Annual Leave is a Tax Deduction when paid. Duncan104Views0likes0Comments