MYOB AE MAS/Accounts Reporter release notes - 3.5.7 (Australia)

AE Reporter (MAS and Accounts)

The Masters have been rolled forward to the year 2026.

• Audit Report
  We've updated rows 5, 6, 12, 17 and 26 to refer to trustees rather than directors for Corporate Trusts.
• Income Statement
  Sole traders and partnerships – We've corrected the calculation for the total after-tax amount in the Income Statement by Nature.
• Accounting Policy Notes

  • Individuals and partnerships – We've removed the wording meet the needs of the stakeholders and to from the Introduction text paragraph.

  • Sole traders and partnerships – We've updated the introductory text to include the principal activities of a business. To add the principal activities into non-transaction data, go to #EntityDetails > ReportingExtraDetails > PrincipalActivities.

  • We've added a new paragraph, Defined contribution schemes, as a part of the Employee Benefits accounting policy note for the simplified disclosures reporting type. To turn on this paragraph, go to Non-transaction data > Notes > Note1 > Miscellaneous > DefinedBenefitFund.

• Notes to the financial statements

  • Partnerships – We've added a new note for Statutory Information. This will print as the last note in Notes to the Financial Statements. The statutory information comes from Non-transacton data > Notes > BusinessAddress.

  • We've removed the Intangibles heading so it'll no longer print twice in the Intangible accounting policy.

• Committee Report

  • We've removed the heading Significant changes from above the paragraph No significant change in the nature of these activities occurred during the year.

  • We've added the following paragraphs:

    • Significant changes in state of affairs

    • Events after the reporting date

    • Environmental issues

    • Indemnification and insurance of officers and auditors

    • Auditor's independence declaration.

  Trust Minutes

  • We've added a new minute for No income distribution.