MYOB AE Reporter release notes and install guide—3.5.7 (New Zealand)

Trusts only

Changes to tax rates

• New NTD field: We’ve added a new Non-transaction data field under Notes > Taxation > TaxRateTrusts
  The default rate is 33% however you can select 39% from the picklist if applicable.

We don’t calculate the amount based on the percentage selected. The amount comes from the account code in the account group CurrentLiabilities.Taxation.Terminal

Change to formats

• Notes - Taxation (Diff)
  Row 23 (at master level) - The description will now pick up the percentage rate as selected in the NTD.

• Tax Reconciliation - Trusts (Internal Use Only)
  Row 15 (at master level) - The description will now pick up the percentage rate as selected in the NTD.

If you currently have either or both formats at the practice or client level, either delete the format so it reverts to the master level or manually make the change to the format at the practice or/and client level

Income Tax accounting policy and Taxation accounting policy

• We’ve changed the formats in the following paragraphs
  Accounting Policies - Income Tax
  Accounting Policies - Taxation

• If you have the following jobstreams at Practice or/and Client level, follow the instructions below. If any of them are at the Master level (RED), then ignore the instructions.

  1. For Jobstreams

     • #Company Financial Statements

     • #Company Financial Statements - No Minutes

     • #Sole Trader Financial Statement

     • #Trust/Estate Financial Statements

       1. Open the jobstream and expand - Notes > Accounting Policies

       2. Right-click Accounting Policies - Taxation and select Properties.

       3. Select the Condition tab.

       4. Replace the existing Formula with
          =DB.Policies.PrintControl.Taxation<>No

       5. Select OK to save.

          

  2. For Jobstreams

     • #Incorporated Society Financial Statements

     • #Trust Charitable Financial Statements

       1. Open the jobstream and expand - Notes > Accounting Policies

       2. Right-click Accounting Policies - Taxation and select Properties.

       3. Select the Condition tab.

       4. Replace the existing Formula with
          =DB.Policies.PrintControl.Taxation<>No

       5. Select OK to save.

          

Charitable organisations - Compilation report

We’ve changed the wording from performance report to financial statements in the following paragraphs:

• Scope (In the 1st sentence)

• Responsibilities (In the 1st sentence)
  All other references to performance report wording are correct.

New keypoint in IR10

Keypoint = 60 Total of investment boost assets being claimed

1. You can enter the amount of the investment boost in the new NTD field under IR10c > IR10c
   New field = 60_TotalOfInvestmentBoostAssetsBeingClaimed

2. We have updated the following formats with the new keypoint 60.

   1. IR10c for the year 2013 onwards

   2. IR10c DETAILED

• Make sure everyone's logged out of all MYOB programs.

• Check that your computer meets the system requirements.

• Disable your virus checker.

• Check that you meet the prerequisite version numbers for installing this release:

  • Version: 3.5

  • Masters: 3.5.100 (recommended).

  If you've got an earlier Masters version than 3.5.100, you can still install this release. Read the release notes that came after your version, so that you're aware of any changes.

  

  You can download previous versions and release notes from my.MYOB.

• Copy the .nrw files from your SOL64 folder to a temporary location as a backup.

You'll need to be on the server to install this update.

1. Log in to my.MYOB and go to My Products > Downloads.

2. Select MYOB Reporter from the drop-down.

3. Select MYOB AE Reporter 3.5.700 - Install, download the file to your server.

4. Open the file.

   

5. Select To continue, ensure the Release Notes have been read... and click Next. The Licence Agreement appears.

   

6. Review the licence agreement, click Yes to accept, and click Next. The backup reminder window appears.

   

7. Make sure you've backed up your data, and click Yes. The Destination Directories window appears.

   

8. We recommend that you accept the default destination folder. If you want to change the default folders, click Browse and navigate to the required folder and click Next. The Ready to Install window appears.

   

9. Click Install. When the installation is complete, the Installation Complete window appears.

   

10. Click Finish to complete the installation.

To confirm if your upgrade is successful, check your Reporter version number.

1. Open MYOB AE Reporter.

2. Click Help and select About MYOB AE Reporter.

3. Confirm that your Version is 3.5 and Masters is 3.5.700 (only the Masters version will be changed after upgrade).

1. Rollover the practice Masters to 2027:

   1. Open a MAS ledger with a year ending 2026.

   2. From the Client Ledger window, go to Reports > Reporter and select Design Practice Reports.

   3. Go to Tools > Roll Forward.

   4. Select Yes at the message - Do you wish to roll forward to 2027?

   5. If the rollover is successful, the Reporter Year will show as 2027. This is displayed at the bottom right-hand side of your window.