2020 has been a massive year for both accountants and bookkeepers. As this year draws to the end, MYOB has launched an important update in response to the recent JobKeeper 2020-21 Personal - ATO Payroll Process Requirement Updates.
MYOB Latest Version Updates
MYOB AccountRight Latest 2020 Version Update
This update caters solely for Australian businesses with new functionality improvements and updates while also implementing new shortcuts to MYOB AccountRight which will save users a lot of time.
Here is a list of updates that MYOB has delivered to its products improving an already great software making it more reliable, flexible and easier to use.
Payroll updates for Australia only
Payroll has been updated to include the notes field for employee pay slips, as well as functionality for easier payroll reversals. A more detailed prompt is sent to the ATO for Single Touch Payroll reporting.
Several changes are made to allow better workflow involving multiple currencies. These updates will allow users to use foreign currency general journals and selectable currency gain/loss accounts. The multi-currency view gives users better visibility of gains and losses, as well as giving the ability to add foreingn currency support to more reports as seen below.
- Purchases Supplier Summary Report
- Purchases Supplier Detail Report
- Sales Customer Summary Report
- Sales Customer Detail Report
- Customer Payments Report for Closed Invoices
MYOB has invested a lot of time with their main focus on bug fixes and improvements for this new release. Most common instability issues that have been plaguing and causing AccountRight to crash has been significantly ironed out for many users.
Keyboard shortcuts are essential for saving time especially when time is of the essence for bookkeepers and advisors. Shortcuts are considered to be handy and in most cases a necessity to efficiently use the software. Below is a snake peak on the series of keyboard shortcuts MYOB has introduced within the Bank Transactions screen to allow users to use keyboard shortcuts to quickly process through their un-coded transactions without the need to use a mouse.
MYOB’s new JobKeeper 2.1 update can be seen in the Single Touch Payroll reporting dashboard. All Payroll Reporting Centre core products including MYOB AccountRight and MYOB Essentials has been updated to help all MYOB Partner and customers keep track of the latest ATO changes. These changes include:
- Adding additional columns within payroll screen that allow start and finish fortnights to be selected through to 28th March 2021
- Help customers identify each employee’s tier
- Report the employee tiers to the ATO on the customers behalf
- Added a turnover calculator
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