Tax 2024.0b KB253689907 hotfix (Australia)

Release date—August 2024

Make sure you've installed MYOB AE/AO release notes—2024.0 (Australia) before installing this hotfix. Otherwise, the installation will not continue.

Validation/PLS error fixes

We've implemented F3 validation error so you can fix the error before lodging to the ATO.

(2024 Trust tax return) CMN.ATO.GEN.XML01/CMN.ATO.GEN.XML03 - Closing stock must be provided when values are present in either Trade Debtors, Trade Creditors, Unpaid present entitlement or Closing stock code.
(2024 Trust tax return) CMN.ATO.GEN.XML01/CMN.ATO.GEN.XML03 - PropertyPlantAndEquipmentEffectiveLifeRecalculationI. This issue occured if you have amounts at Item 50 but not completed Item 50D - Item 50 D Did you recalculate the effective life for any of your assets this income year?
CMN.ATO.INCDTLS.000390: Trust income instance is incomplete
CMN.ATO.INCDTLS.000391: Trust credits from income and tax offsets amount details are incomplete.

We’ve updated and fixed the following validation errors:

CMN.ATO.TRT.433095: Distribution of Australian franking credits from a NZ franking company, franking credit or Fireign income tax offset is incorrect.
CMN.ATO.GEN.XBRL03/XBRL04: Amendment tag indicator incorrect. This error occurred if you’re lodging an amended tax return.
CMN.ATO.CTR.428048 - Gross Distribution from trusts indicator required where gross distribution trusts amount is present

We’ve implemented ATO validation errors for the Net small Business income and Trust income schedule.

Estimate fixes

We’ve fixed the PHI Rebate and MLS surcharge that was incorrectly calculated in the estimate.
We’ve enabled the 2024 Quarter 4 and Annual instalment fields in the PAYG Profile window, so you can add any Instalments for estimation.

Error fixes

Error: No Pdfs found to process using master file: C:\Users\ADMINI~1.EDN\AppData\Local\Temp\2\MM\Fax_Temp\FAXMST.INI

Other fixes

SMSF 2024: When multiple Trust Income schedules exist, Label U (Franked distributions) will now integrate to Item 11 Gross Trust Distribution Label M in the Income tab.

Bulk RSD password removed (AE only)

Accountants Enterprise only

We’ve removed the password prompt that was occurring when performing the bulk RSD.

Prerequisites

You must have MYOB AE/AO version 5.4.51 installed and the Tax version is 2024.0. To check your current version, click Help > About.
If you don't have 2024.0 installed, you'll see the following message when installing the hotfix.
Ensure you have administrator access to the server where MYOB AE/AO is installed.
Ensure all users are logged out of MYOB Tax.
A workstation install is not required.

Installing the hotfix

Go to my.MYOB and download the MYOB Tax Hotfix 253689907 - Installer file to your server location where you installed MYOB AE/AO.
Double-click the executable to start the installation.
In the Welcome to the InstallShield Wizard window, click Next.
Select I accept the terms in the licence agreement. Click Next.
In Ready to install window, click Install to start the installation.
On the Install Completed window, click Finish.

This release does not require a workstation install

Confirm a successful installation