Blog Post

The AccountRight Blog
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AccountRight 2017.1.1 now available

StevenR's avatar
StevenR
Former Staff
8 years ago

This release is for Australian businesses using AccountRight Plus or Premier only.
If you’re in New Zealand, or use AccountRight Standard or Basics, you don’t need to install this update - 2017.1 is the latest version for you.

New PAYG tax tables apply from 1 July 2017. Install this update to ensure your business stays compliant.

 

What’s changed?

 

From 1 July 2017, the PAYG withholding formulas in AccountRight will include the following changes:

  • removal of the temporary budget repair levy
  • increase in the Medicare levy low-income threshold
  • annual indexation of HELP and FS (SFSS) repayment thresholds.

You need to use the new tax tables when calculating PAYG withholdings for payments dated 1 July 2017 and later.

 

What do I need to do now?

 

Complete these steps before your first pay run in July 2017:

  1. Install the 2017.1.1 update when you are notified in AccountRight.
  2. After you close your 2017 payroll year, go to the Setup menu and choose Load Payroll Tax Tables.
  3. Click Load Tax Tables.
  4. If you have more than one company file, repeat these steps in each file.

To check that the tax tables have loaded successfully, open your company file, go to the Setup menu and choose General Payroll Information. The tax table revision date needs to be 01/07/2017.

 

Reminder: If you’re still using AccountRight 2016.3 or earlier, and you employ working holiday makers or provide exempt fringe benefits covered by section 57A of the FBTAA, install this update before preparing this year’s payment summaries.

 

EOFY videos, presented by Oi Yee Adams

Need help preparing payment summaries? 

 

Our EOFY videos are just what you need. 

 

We’ll also have a team of EOFY experts ready to answer your questions at selected times during June and July on Live Chat. 

 

Watch now

 

How to update

 

If you’re using AccountRight Plus or Premier in Australia, you'll be prompted to update when you open your company file over the next few days. If you need it sooner, you can download the update from my.myob.com.au .

 

Installation tips

 

  • When installation is complete, you won’t see a confirmation message. You can restart AccountRight immediately after installing the update.

  • You won’t see a new desktop icon for the 2017.1.1 release. You can keep using the AccountRight 2017.1 icon to open AccountRight.

  • Your company file won’t need upgrading, which means computers using 2017.1 or 2017.1.1 can open your file (but you should still install this update on all computers).

  • If you already have Server Edition 2017.1, you will be notified that an update is available, however you can’t install the update directly from AccountRight’s notification window. You’ll need to:
    • Uninstall your existing 2017.1 release from the server.
    • Download the full 2017.1.1 Server Edition installer from my.myob.com.au
    • Install 2017.1.1 on the server.

  • If you already have PC Edition 2017.1 and you choose to download the full 2017.1.1 PC installer from the my.MYOB website, you will need to uninstall your existing 2017.1 software before you can install the new version. To avoid having to do this, download the “update” or “patch” installer instead (look for a .msp file), or update when prompted in your AccountRight software.

  • If you have issues updating, see our troubleshooting guide.
Updated 8 years ago
Version 1.0
Release notes
  • HeatherG's avatar
    HeatherG
    Experienced Cover User
    8 years ago

    Has this update fixed the problem of previously reconciled transactions popping back on as unreconciled resulting in having to undo Reconciliations?  I have had to Undo Reconciliations and re-reconcile for 12 months and I am still having the problem but usually only have to go back one Reconciliation in recent events.

  • AHJS's avatar
    AHJS
    Experienced Cover User
    8 years ago

    I have updated my payroll tax as per the MYOB instructions but on enquiry I note that it says that the effective date is 01/01/2017 whereas it should be 01/07/2017 - is there something else I need to do? I am running Account Right Plus version 2017.1.0

  • LindyMH's avatar
    LindyMH
    Experienced Cover User
    8 years ago

    Thank you Steve.

    What is the difference between the Server edition and PC edition.  We have SE. Is this because we work in the cloud??

    It's a pain at this busy time of year to uninstall and re-install MYOB for a simple tax update and to be honest just inconvenient.

  • LindyMH's avatar
    LindyMH
    Experienced Cover User
    8 years ago

    Thanks Steve.  I think we will do that as we travel and use multiple computers (laptops) but only individually.  We don't have multiple people accessing MYOB.

    Your time is appreciated.

    Cheers

    Lindy

  • StevenR's avatar
    StevenR
    Former Staff
    8 years ago

    Hi Juices

     

    The ATO will accept payment summaries produced using AccountRight 2016.3, but if you employ backpackers or have paid "s57A fringe benefits", you need to have at least AccountRight 2017.1 installed before preparing your payment summaries. See our 2017.1 blog post for more information.

     

    Make sure you install this new 2017.1.1 update, and load the tax tables, before your first pay run for July 2017.

     

    steve

  • StevenR's avatar
    StevenR
    Former Staff
    8 years ago

    Hi JULIA57

     

    This update is included in your AccountRight subscription, so there's no additional cost to update if your subscription is active and up to date.

     

  • Jake_N's avatar
    Jake_N
    MYOB Staff
    8 years ago

    Hi HeatherG,

    From looking at a post about what is in the latest update from one of our team members, there doesn't seem to any mention of that. I do encourage you to have a look at the release notes so that you know what has been update or resolved in the updates that get released.

     

    Here is a link to the release notes thread: AccountRight Release Notes Blog