What’s New in Online Client Accounting - Q1 2026
It’s been a busy start to 2026, and with April already here, the team has been focused on delivering improvements across Client Accounting. Over the past quarter, we’ve made updates to streamline reconciliation, improve visibility, and reduce manual work. You can find full details on our What’s New page but below is a quick summary of the key updates from the past quarter. Chart of accounts improvements (AU) We’ve introduced 10 new accounts to the Chart of Accounts to improve consistency and usability, helping ensure smoother workflows and more reliable reporting. New Notes to Provisions in Financial Statements A new Provisions note helps distinguish current and non‑current provisions. The note displays automatically based on account balances and period comparisons. Income tax payable/refundable template – trusts Trusts now have access to an Income tax payable or refundable template, including a section to record tax paid by trustees on behalf of beneficiaries. New workpapers Inventories workpaper Track, reconcile, and review detailed inventory balances and adjustments Inventories Summary workpaper Consolidate inventory types and linked accounts from multiple inventory workpapers into one clear summary Travel expenses workpaper Reconcile travel expenses and identify non‑deductible components Entertainment expenses workpaper Reconcile entertainment expenses and identify non‑deductible components External document links to workpapers You can now link to external documents (for example, SharePoint or Google Drive) directly from workpapers, no need to upload files into Client Accounting. Income statement updates (trusts) Losses carried forward from prior years are now included Amounts from the Income Allocation workpaper only flow to the Income Statement when the workpaper is starred Tax adjustments to beneficiary distributions You can now enter tax adjustments in the Income tax expense workpaper: If taxable income no longer matches Net profit/(loss) before tax and distributions, beneficiary distributions are adjusted proportionally Manual adjustments can be entered using the other field Income tax expense will no longer source amounts from Income Allocation if the template hasn’t been createdOctober Updates - Client Accounting
We’ve released five new workpapers templates and additional improvements over the past few weeks. What's new in workpaper templates Intercompany Loans - Reconciles inter-entity loan balances, flags mismatches, and helps identify timing differences or recording errors across related entities. Franking Assets - (Companies only) Tracks franking credits and debits throughout the year, providing a full audit trail, and automatically rolls forward balances to the next period. Interest Received - Reconcile interest income and withholding tax, including the applicable withholding tax percentage. Term Deposits - We’ve added a new workpaper for account code 1.24050 Term Deposits. Reconcile the ledger balance to the bank statement and calculate accrued interest. Income Tax Expense Calculation (Companies only) Calculates taxable income by applying adjustments to Net profit/(loss) from the Income Statement. Fixes & Improvements Income Tax Accounting Policy - Fixed an issue where a policy number was printing even when unstarred, causing numbering gaps. Borrowings Note - Updated to include non-current borrowings when printing the note. Income Tax Expense Workpaper - Resolved a circular reference error that was previously visible. To explore the new features, check out What's new in Client Accounting in MYOB Practice Thanks Alice GregoryJuly Updates - Client Accounting
I’m excited to share the latest updates in the Client Accounting Early Access Program, the team have been working hard this month and we have several updates for July so check them out below. Here’s what’s new: Bank overdraft note In the financial statements, there is now a bank overdraft note to show the current and prior year comparatives. Enhanced the trade creditor workpaper Updated the trade creditors workpaper to always show the trade creditors listing. Integrated your financial statements into MYOB Practice You can now send your financial statements to MYOB Practice so you can keep all your client’s documents in one place. Updated the export bundles to export the workpapers. You can now export your workpapers to send your client along with the financial statements, or save for your own audit purposes To explore the new features, check out What's new in Client Accounting in MYOB Practice Also coming soon will be new templates for workpapers, so keep your eyes peeled for my next update very soon. Alice Gregory MYOB