MYOB AE/AO release notes—5.4.52/2024.1 SP1 (Australia)

Release date—October 2024

This is the latest version for:

Accountants Enterprise (AE)—MYOB AE 2024.1
Accountants Office (AO)—MYOB AO 2024.1

In this release, we’ve updated help links so you can find answers quickly and fixed some issues in Tax and client accounting.

Why is it important to install this release?

We’ve made some changes to the security settings that will affect some of the tasks you do in AE/AO:

If you don’t update this release before 1 Jan 2025, you might experience errors when performing the following tasks in AE/AO:

Create employees from AE/AO
Add or edit a MYOB login to an employee in Practice My.MYOB Practice settings window
Request access to MYOB Business or AccountRight file for a practice user
Remove file access for user who needs to be deleted/inactive.

MYOB Practice tax

You’ll soon be able to prepare Company, Trust, and Partnership returns in MYOB Practice. To get started, make sure to install this release so you can move these returns online.

Help where you need it

Find answers quickly and easy access to help.

We’ve updated the help links on the Tasks bar so that when you have a problem you can access help without leaving the product.

For example, on the Tax client search page, if you get an error TFN already exists when creating a tax return, click the link on the Tasks bar to open the knowledge base article.

Tax

Prelodge and lodging activity statements

Activity statements have moved to MYOB Practice. You can no longer lodge them from AE/AO. You’ll see a rejection message when you try to pre-lodge or lodge an activity statement.

You might have already seen these rejections when lodging activity statements from AE/AO as these changes were implemented on the first week of October.

Label changes

2024 Individual return: The ATO has renamed the Trade Support Loan (TSL) label to Australian Apprenticeship Support Loan (AASL). We’ve updated this in the Adjustments tab.

Rates

GDP factor updated to 2024-25 income year.

PLS error fixes

XML01 & XML03 - (Other Income for Category 1,2, and 4 (oix) worksheet): This error happens if you have used code E under Category 1 Income.
XML01 - (Distribution from Partnership (dip) worksheet): This error happens if you have not completed the deduction amounts correctly.
XML03 - (Trust income schedule (DISTBENTRT) worksheet): This error happened if you have included Trust Australian Company Number in the worksheet. This issue is fixed in all non-individual tax returns that has a Trust income schedule.
IITR.730285 Other income type - Category 1 - Amount is incorrect - (Other Income for Category 1,2, and 4 (oix) worksheet): This is now fixed
CMN.ATO.TRT.433084 and CMN.ATO.TRT.433089 is updated as per ATO specifications.
2024 Individual: ATO validation rule changes implemented

Other fixes

The Distribution from Managed fund (DIM) schedule has been removed from Company, Trust, Fund and SMSF returns.IITR.730285 “Other income type - Category 1 - Amount is incorrect
We’ve included a note in a 2024 SMSF return
Depreciation printing: Private use % amount is incorrectly added to the group subtotal. This is now fixed.
2024 IDS: You can now print the ATO PDF copy of IDS 2024.
Depreciation schedule: OWDV incorrect for MVE asset with purchase cost > DCL when rolling over 2023 to 2024.

Client Accounting

Statutory reporter

Appropriation statement - When running the Appropriation Statement for a Trust, the Total Available for Distribution or Total Available For Distribution (Loss) was showing the incorrect amount. This is now fixed.
The account code 19800 from the account code range was missing from Tax Account Groups > Income statement > Income > Non-primary production amount > Dividends received when using the MAS chart of accounts, for entity Company using AccountRight/MYOB Essentials (new) & AE/AO. This is now fixed.
Income statement - You can now print the Gross Profit Percentage. Turn it on at Non-transaction data > Income Statement Options > Show gross profit percentage.
Unit Trusts - We’ve fixed the Balance Sheet that was not referencing a Note number for Unpaid Trust Distributions in the following areas:
- Current assets
- Non-current assets
- Non-current liabilities
Some Notes to the financial statements, required for Simplified disclosures only, were printing when set to Special purpose. We’ve expanded the conditions so this doesn’t happen again.

Enhancement

We’ve made an enhancement where you’ll be able to duplicate account groups only to the Other Financial Accounts folder and its sub-folders.

Assets online

When uploading a CSV file to import assets, you can now select Temporary Full Expensing as a depreciating method.

Changes to user access management

If you untick Inactive to activate back an employee, they will automatically get access to MYOB Practice.
If you’ve updated an email address for a user in my.myob, you’ll now be prompted to update the same in AE/AO. Learn how to update an email address in AE/AO.
If a user is trying to access a MYOB Business or AccountRight file that they don't have access to or has been deleted, you’ll see the following message:
When you click OK, you can either Request access for that file or change the file in the file path to a different file (if the file has been deleted).