Configuring practice report settings

Statutory Reporter comes with a set of default report definitions. These are black to as the Master Level Report Definitions. These Master Level Report Definitions can be edited across all client reports and entity types to reflect the reporting requirements of your practice. Any modifications made to the Practice Report Settings will apply to all clients and client reports.

Each year MYOB will provide updated versions of the Master Level Report Definitions. Installing these updates will not overwrite the custom configurations that you have made to your Practice Report Settings.

Before using Statutory Reporter it is recommended that the settings for your practice be investigated and configured.

The practice report settings are configured using Maintenance > Maintenance Map (AO) > Client Accounting > Practice Report Settings.

Access to Practice Report Settings is controlled by the system administrator. If you do not have sufficient permission, a warning is displayed stating that You do not have permission to access the Practice Report Settings tab. Contact your System Administrator.

When configuring the practice settings consider:

Default report selections

For clients of each entity type, the reports that will be available in the report list and the order in which they will be displayed in the financial statements can be controlled. After configuring the reports for each entity type, the default report settings should be checked using the Preview Reports option. At any stage the reports can be reset to remove the custom report settings and returned to the Statutory Reporter default settings. See Selecting default practice reports.

To configure the default report selections:

Access the Practice Report Settings — the default report selections are configured using Maintenance > Maintenance Map (AO) > Client Accounting > Practice Report Settings.
Select the default reports — for each entity type, the reports that are available for clients of that type can be configured. The reports selected here are listed on the Client Accounting > Report tab for all clients of that type.
See Selecting default practice reports.

Change the report order — the order of the reports in the Reports table can be modified. When the financial statements are created the reports are displayed in the order that they are listed in the Reports table.
See Changing the order of practice reports.

Preview the reports — check the default report settings that have been configured for each entity type.
See Previewing practice reports.

Reset the reports — remove any customisation that have been applied to the default reports and to the report order. The configuration returns to the Master Level Report Definition defaults.
See Resetting practice reports.

Account groups

Statutory Reporter uses account groups to determine which account balances to display in each section of the financial statements and which notes to include by default.

Account Groups allow modification of the contents of a report without modifying the report definition itself. This means that the same Master Level Report Definition can be used to generate reports for a variety of client charts.

These default account group allocations can be edited and assigned to individual accounts and account ranges at a practice or client level. When account groups at a practice level are configured, account group allocations affect all clients of a selected industry type. See Account groups and Tax Account Groups.

To configure the account groups:

Access the practice account groups — the Account Groups option must be accessed from the Practice Report Settings to allocate accounts at a practice level.
See Accessing account groups.

Select the industry type and sample client — at a practice level, account groups are configured for each industry type. The account groups configuration affects all clients of the selected industry type. A sample client must be searched and selected. The selected client’s chart of accounts will be used as an example in the Chart of Accounts table.
Allocate accounts using drag-and-drop — drag-and-drop to allocate individual accounts to an account group.
See Allocating individual accounts.

Allocate accounts using account ranges — a range of accounts can be allocated to a selected account group. To allocate the range, specify the account code of the first account in the range and the account code of the last account in the range.
See Allocating account ranges to account groups.

Delete account allocations — at a practice level, the deletion of account allocations affects all clients of a selected industry type. That is, the account group allocation is removed for all clients of that industry type.
See Deleting account group or tax account group allocations.

Restore default settings — at any time, custom account group allocations can be removed and the default account group configurations restored. At a practice level, the custom account group allocations can be removed and the master set of default account group allocations which come with Statutory Reporter can be restored.
See Restoring default settings for account groups.

Choosing if account groups should be detailed or summarised

Reports can be produced in a details or summary format.

If the checkbox in the Notes column is selected, the account group will appear summarised.
To produce a detailed report showing individual accounts, de-select the checkbox

Non-transaction data

Non-Transaction Data s to client specific data values that are required for the financial statements but are not derived from account balances in the client ledger.

Practices that use the Associations feature in MYOB AE/AO to track the relationships between clients and partners, directors and trustees can choose to nominate the association types that represent these three relationships. For those clients with associations configured on the Associated tab, the partners, directors and trustees are automatically added to the Directors data field in the client’s non-transaction data. See Non-transaction data in Statutory Reporter.

Non-transaction data preferences rely on the associations created on the Associated tab in MYOB AE/AO. Therefore, only set the non-transaction data preferences if the Associations feature in MYOB AE/AO is used. See information on the Associations feature.

See Practice non-transaction data preferences.

Paragraphs

Statutory Reporter uses Paragraphs to define sections of text that are displayed in the financial statements. MYOB provides default paragraph content as part of the Master Level Report Definitions. The content and format of these default paragraphs can be modified for your entire practice or for an individual client. See Paragraphs.

To configure the paragraphs for your practice:

Access practice paragraphs — to define default paragraphs for all clients within the practice you must access the Paragraphs option from within Practice Report Settings.
See Accessing practice paragraphs.

Edit paragraph text — edit the content of the paragraph.
See Editing static text.

Insert and edit variables — insert and edit the variable text within the paragraphs. The value of variable text, that is the text displayed on the report, is provided by data recorded within Statutory Reporter.
See Inserting and editing variables.

Format paragraph — control how the text of a paragraph is formatted within the report.
See Formatting paragraphs.

Insert logos into Compilation Report — insert logos or different content in the top margins of the Compilation Report. See Inserting logos into the Compilation Report.

Report options

The report style and page layout can be controlled using the Report Options. From the Practice Report Settings tab, the report formatting for all clients in the practice can be configured. See Report options.

Report Options enables the configuration of:

Style Options — modify how the headers, footers and balances are displayed in the report. Statutory Reporter has a number of pre-configured styles that can be selected.
Display Options — control whether the report includes a cover page, a table of contents, page numbers, a company logo, watermarks and other details.
Page Margins — configure the page layout by setting the top, bottom, left and right margins.

To set the report options for the practice:

Rename reports

Highlight a report, then click Rename Reports in the Tasks bar to it change to a different name. This change will affect all clients, except where a report name has been renamed in a specific client’s Reports tab, then the name used in the client will take precedence. Click the Refresh icon to change back to the master report name.

See Renaming practice reports for more information.