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MYOB AE Assets release notes and install guide—2.4.8 (Australia)

Release date: 14 June 2022

Release notes
Regulatory updates for 2021 and 2022
  • Motor vehicle Cost limit: The cost limit for motor vehicles is updated:
    • from $57,581 to $59,136 for 2021 tax year.
    • to $60,733 for 2022 tax year

  • When adding an asset under the Temporary Full Expensing depreciation method, we've added validations for the date fields: You'll see an error when:

    • the Acquisition date is not 6 October 2020 or after

    • the Start date must be between 6 October 2020 and 30 June 2023.

  • The Tax schedule and the Full schedule reports are updated for Small Business pool assets to show the 2023 tax year.

  • You can apply the Temporary Full Expensing (TFE) depreciation method to a Small Business Pool asset for assets purchased between 6 OCT 2020 and 30 June 2023

Resolved issues

We've fixed the following errors:

  • Error: AST file seems to be corrupted or mappings screen appears incorrectly when printing a low-Value Pool Schedule Report.
  • The opening balance in a general small business pool was written off incorrectly.

Install guide

Read through this install guide before you start installing the update. It will help you plan the tasks required.

Prerequisites

  1. Back up your data.

  2. Ensure everyone's logged out of all MYOB programs.
  3. Check that your computer meets the system requirements.
  4. Disable your virus checker.
To install AE Assets 2.4.8

Each workstation that is currently running MYOB AE Assets must be upgraded to MYOB AE Assets Version 2.4.8. If you have MYOB AE Assets on a terminal server use, Add/Remove Programs to upgrade to MYOB AE Assets Version 2.4.8.

The MYOB AE Assets 2.4.8 installer will recognise if you have an existing version of MYOB AE Assets installed on your system. The installer will uninstall the previous version and install MYOB AE Assets 2.4.8.

If you are installing MYOB AE Assets for the very first time, MYOB AE Assets 2.4.8 is all you need to install.

To upgrade to MYOB AE Assets Version 2.4.8 from an existing version

  1. Download the .exe file from my.MYOB.
  2. Double-click the download file. The Licence Agreement window opens.
  3. Read the licence agreement.
  4. Click Yes to agree with all the terms of the licence agreement.
  5. Click OK. The previous version of MYOB AE Assets is uninstalled and the Warning: Have you backed up your Data? window opens.
  6. If you have backed up your data, click Yes. The System Release Directory window opens.
  7. If you haven't backed up your data:
    1. Click Cancel to exit the installation.
    2. Back up your data.
    3. Restart this procedure.

  8. Specify where System Release is installed.

    You must specify all locations of System Release. System Release is usually installed in C:/Sol64.

     

    1. Click Add. The Browse For Folder window opens.
    2. Browse your computer for the location of System Release.
    3. Click OK.
  9. Click Next. The Destination Directory window opens.
  10. Accept the default directory.
  11. Click Next. The Installation Summary window opens.
  12. Review the selected current settings for the installation and, if you need to make any changes, click Back to go to the appropriate window and make your changes before proceeding.
  13. To begin the installation, click Next. MYOB AE Assets version 2.4.8 is installed on your computer. The Installation Complete! window opens.
  14. Click Finish.
Post-installation

Check your version number 

  1. Open MYOB AE Assets.
  2. Click Help and select About MYOB AE Assets.
  3. Check that the version is 2.4.8.
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