| UI Text Box |
|---|
| See how it's done with a free online course in MYOB Academy. We'll take you through the annual statements end to end workflow, from preparing your annual statements to sending them to ASIC via MYOB client portals. |
Annual Statements are retrieved from your ASIC mailbox automatically each day. You can find them in the All clients > Corporate admin> Annual statements view. To download the Annual Statement pack from ASIC, click the ellipses button for the company and choose Download documents. Annual statement statusCompanies due to receive their annual statement will appear in the Upcoming tab. Once the statement is received, you can download the statement and start reconciling your client's company information. As you complete the annual review process, we'll update the status for you - including when the annual fee has been paid and documents are approved and signed. Here's what each status indicates: | Status | Description |
|---|
| All outstanding | Displays all annual statements with a status of "Requires action" or "Awaiting client ...". | | Upcoming | Displays a list of companies due to receive their annual statements within the next 30 days. | | Requires action | Displays all annual statements requiring agent action, such as reconciling company information to ensure its current, or where a task has not been created and sent to the client. | | Awaiting client (payment / signature) | Waiting for client to pay the annual fee or approve and electronically sign the documents in the client portal. | | Done | Company details are reconciled and up to date. Your client has paid the annual fee and documents are approved and signed. |
Completing an annual reviewTo complete the annual review process, you'll need to perform the following tasks. These tasks can be performed in any order: - Compare the company's information on ASIC's records to the company information in your MYOB database.
- Send the Annual statement pack and solvency minutes to your client for signing.
| UI Expand |
|---|
| title | To compare your ASIC and MYOB company data |
|---|
| From the Annual statements view, click the ellipses button and choose View comparison report. The Annual Statement data comparison page appears. Compare the data in the ASIC database column against the data in the MYOB database column. We've added a status column to help speed things up: | Status | Description |
|---|
 Image Modified
| The company details in MYOB Practice matches the data on ASIC's records. |  Image Modified
| The company details in MYOB Practice is different to the data on ASIC's records. |
|
| UI Expand |
|---|
| title | To send documents for signing |
|---|
| - From the Annual statements view, click the
ellipses - ellipsis button and choose
Send for signing- Prepare forms. The
Create task page - Prepare forms window appears.
The task created contains the following files: | | File name | Description |
|---|
| Annual_Statement_pack.pdf | This contains the Annual statement received from ASIC including an invoice for the annual fee. | | Solvency_statement.pdf | This is a statement of solvency minutes for your client to sign and return to you for filing. | The Signature required is selected by default for the Solvency statement, but you can select the user or contributor that needs to digitally approve the documents. - Enter the details of the meeting held for the annual statement, and select one or more signatories.
- Click Save.
Click the ellipsis button for the annual statement and choose Send for signing via portal. The Create task page appears. Complete the details on the page. | UI Text Box |
|---|
| When you select the client, you can see the documents that will be sent as part of the change you've made. Use the Signature required option to indicate if any documents need signing. |
- Click Create task for the selected client.
| HTML |
|---|
<h2><span style="font-size: 24.0px;"><i class="fa fa-comments"></i> Frequently Asked Questions (FAQs)</span></h2> |
| UI Expand |
|---|
| title | How do I send the annual statement pack to my client without creating a task? |
|---|
| From the Annual statements view, click the ellipses button for the company and choose Download documents. The <Company Name>.zip file downloads.The <Company Name>.zip contains the following files: | | File name | Description |
|---|
| Annual_Statement_pack.pdf | This contains the Annual statement received from ASIC including an invoice for the annual fee. | | Solvency_statement.pdf | This is a statement of solvency minutes for your client to sign and return to you for filing. | Once downloaded, you can attach the documents to an email, print and send via post or hand them to your client in person – whatever you choose.
| UI Expand |
|---|
| title | Can I update annual review status manually? |
|---|
| Well, sort of. You can tell us whether the annual fee has been paid or if documents have been signed. From the Annual statements view, click the ellipses button for the company and choose Mark as Paid or Mark as signedsent. If your client has paid the annual fee or electronically signed the requested documents via their client portal, we'll update the status for you. If your client has paid the annual fee by mail, it may take a while for the payment to show up on ASIC's system. |
| 
Yes
No
Thanks for your feedback.