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Making Business Books and Accounting Come Alive! MYOB Reckon Quickbooks Training BAS Small Business

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MYOB – Upgrade and the New ATO Payroll Tax Tables for Year 2012-2013

MYOB Quickbooks Bookkeeping - MYOB Upgrade and the New ATO Payroll Tax Tables for Year 2012-2013

MYOB Upgrade tax tables

New Payroll Tax TablesAccountRight Standard or Plus version 19 with MYOB Cover, you’ll have a choice at June 30 between upgrading to the new generation of AccountRight software, or simply installing new payroll tax tables. Look for the notice within the software, or register for notifications via the Help then Updates in your MYOB.

ATO Tax TablesATO website says the new tables will be available Monday 25 June. You can download, save a copy or get printed copies from ATO offices, or some newsagents.

No MYOB Cover? - You won’t be able to purchase payroll tax tables separately from MYOB. However third party tables are available, which I have tested against the ATO tables and work perfectly for me and several of our clients. To get more details and purchase for $58 – find out HERE.

Premier Upgrade DelayThe software upgrade to the new generation of AccountRight Premier has been delayed again, due 2013.

Next MYOB Service PackIf you have already upgraded to the new generation of AccountRight Standard or Plus 2011, the new service pack 4 is out now, and deals with a few more bugs and speed improvements.

M-Powered Services - M-Powered Services are still not available in the upgrade.

Thinking to upgrade?

Goodnews is that the service packs have increased the speed of AccountRight significantly, and dealt with many of the more bugs as well.

Badnews is that the speed is still slower than AccountRight version 19 – and indeed, because this is an SQL product, the new generation of AccountRight will probably always run a bit slower than version 19 used to.

Speed ImprovementsDepends primarily on the processing speed and RAM on your computer, but also on the size of your company file and how many transactions you record daily. If you’re using an old computer, I’d definitely give the upgrade a miss. If you’re using a relatively new computer with some grunt and you already subscribe to MYOB Cover, we advise you install the new software and test speed using the Clearwater demonstration file. Enter a couple of transactions, and if this works OK, upgrade your company file, and try the speed with a few transactions in your own file. If the speed is good, then continue. If you’re unhappy with the speed, even if you recorded a few transactions, close the upgrade and return to AccountRight version 19.

If you require assistance, give us a call! 0407 361 596 Aust (overseas drop 0 and add +61). We are here to help!

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MYOB crashed while I did payroll – how do I check if I lost pay-cheques?

MYOB Quickbooks Bookkeeping

Bookkeeping Help

Client called and had MYOB Account Right Plus crash (there were other computer problems in the office too). She wondered if she had lost her paycheques, and could she still get a session report?

Answer – if you have got to the step in the payroll Process where you create an electronic file or print pay cheques or payslips, then the transactions were already saved/recorded.

To find them, go to the Payroll command centre > Find Transactions, or Transaction Journal, check the dates, scroll down to find them.

Session Reports will only be available BEFORE the file is closed – so usually the info is lost when you re-open MYOB.

More Help can be found at

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MYOB – Quickbooks – Tax Threshold and Leave Loading – which do I use?

Client emailed with the following query -

MYOB Quickbooks Bookkeeping

Bookkeeping Help

I am confused – 

Does a Tax-Free Threshold + Leave Loading apply to a full time employee who is entitled to annual leave + personal leave loading?

 As opposed to a Tax-Free Threshold + No Leave Loading? Does No L Loading apply to casual staff who are not entitled to annual & personal leave?

 I just noticed the No Leave Loading in the MYOB Tax rate lists as I was manually calculating a PAYG from the ATO tax tables. When I referred back to another employee tax rate, she is classified as + leave loading. But so are casuals. Can you help?

Explanation –

Leave loading is 17.5% ONTOP of annual leave (was introduced in the war time to average what a worker got in overtime, so they received similar while on holidays)

Whether you select a threshold with or without the leave loading depends on the Modern Award.

And it applies to part-time and full-timers, NOT casuals at all.

As I recall, leave loading was in the Retail Award – so YES – ” a Tax-Free Threshold + Leave Loading apply to a full time employee who is entitled to annual leave + personal leave” (there is no personal leave loading)

If the award did not enforce/include leave loading, you would select Tax-Free Threshold + No Leave Loading

All your staff will be Tax-Free Threshold + Leave Loading

For Casuals, you just don’t tick on the Leave and Leave-Loading Categories in their payroll set up, at all – they don’t apply, and the correct tax rate should be calculated.

For more on leave loading, see

Explaining Annual Leave Loading – what is it?

Employee Leaving or Terminated – Unused Leave

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Explaining Annual Leave Loading – what is it?

Q – Client Bianca asked – are you able to explain to me what ‘Annual LEAVE LOADINGS’ are?

Our Building Design organisation has sent me an email this morning advising:

Annual Leave loading – Members will be aware that employee draftspersons are covered under the Manufacturing and Associated Industries Award 2010. As you gear up for preparing holiday pay for your employee draftspersons, we remind you that this award includes a 17.5% annual leave loading as part of the employment conditions for permanent employees covered under the Award. Members who have any queries about this Award or its provisions should contact Fair Work Australia on 1300 799 675, Monday-Friday, between the hours of 9am-5pm.

Can you please help me with what I have to do with the guys annual leave??

A – Leave Loading is paid WHEN an employee takes Annual Leave/Holiday, is 17.5% of the gross annual leave amount (usually the normal wage for the week) ON TOP OF the gross annual leave. Tax is calculated and taken out automatically by MYOB. So the employees get more for their holidays, 17.5% more pay.

Many awards have it – it started back in World War 2 times, and was to allow for the average overtime workers did on normal weeks. Many employer groups have tried to have it removed, but it’s still here 50+ years later!

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Find your Lost Super in Australia – for you and your staff – easily!

The figures for lost super are staggering -

  1. 6 million super accounts have no owner
  2. 15% of all super accounts are orphaned
  3. $5.4 Billion is sitting in those accounts

Commonly you’ve changed jobs and switched super fund or moved house and forgot to tell old funds of your new address; just a couple of reasons why you could be missing out on what’s rightfully yours.

As an employer, maybe you could do a search and impress your staff with the results for them to follow-up. (Privacy laws mean they will have to provide proof of identity, to make a claim). What a great  boss!

So, don’t put it off anymore, find out! After all, apart from major investments like the family home or car, superannuation is probably going to be the biggest investment you’ll own. And the benefits in retirement far out-weigh not having it.

The best place to start is You can do an online search for any superannuation that you haven’t claimed, just by clicking on the ‘SuperSeeker’ tool. The advantages of using this search engine is not only the fact that it will look for your lost super in real-time and instantly provide you with possible matches, but it’s free to use and is accessible 7 days a week. All you need to do is pop in your name, date of birth and your tax file number and it will do the hard work for you. It’s that simple!

Another way to go about finding your super is by visiting Australia’s Unclaimed Super Fund. AUSfund works with about 25 super providers and has more than half a billion in its coffers. Its website says, it’s helped 165,000 Australians with over $82 million worth of lost super in the past year alone.

You can visit the website at, and all you’ll need to do is answer a few simple questions about your employment and residential history. If they happen to find that they do hold a super account for you, they’ll contact you about your options.

What will happen if not claimed?

Laws introduced last year by the Federal Government mean that, from this month, funds in inactive super accounts can be transferred into consolidated revenue. Read more:, don’t put it off anymore, reclaim your super now!


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