Page Comparison - MYOB direct debit requests (v.4 vs v.104) - MYOB Business

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To enter or edit your GST settings

If your business is registered for GST:

you can set your reporting frequency and accounting method, and
your customers' invoices will display Tax Invoice instead of Invoice.

To enter or edit your GST settings

Click your business name and choose Business settings. The Business settings page appears.

Click the GST settings tab.

Select whether or not your business is registered for GST.

If you're registered for GST, select your Reporting frequency and Accounting basis.

When you're done, click Save

Australia only

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Your business settings, like your organisation's name, contact details and financial year info are stored on the Business settings page. Some of these details will appear on your business documents, including invoices, statements and, if you're in Australia—your pay slips.

This is also where you can choose your GST settings, including your business's accounting basis and whether or not you're registered for GST.

You might have entered some business details when you started using MYOB. If you need to add more details or change what's there, a user with Administrator access can do it at any time.

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title	To enter or edit your business settings

To enter or edit your business settings

Click your business name and choose Business settings. The Business settings page appears.
On the Business details tab, enter your business and contact details.
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Check your financial year and GST settings as described below.
When you're done, click Save.

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title	To enter or edit your financial year settings

Your business's financial year settings relate to the fiscal calendar used by your business. You'll also have an Opening balance date which is when you'll start entering transactions in MYOB.

This information is typically set up when you start using MYOB.

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These details can be changed up until you start a new financial year. This is handy if you've started using MYOB in the current financial year but you haven't finalised your accounts for the previous year, or you need to import a prior year's bank statement.

To check or change your financial year settings

Click your business name and choose Business settings. The Business settings page appears.

On the Business settings tab, confirm or update your Financial year details. These details can only be changed until the first time you start a new financial year.
Need to start a new financial year? See our end of year topics for details (Australia | New Zealand).

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Changing the Current financial year or Last month in the financial year can affect your business's reporting periods. Also, changing the Opening balance date may affect any account opening balances you've entered. So if you're not sure which dates to choose, check with an accounting advisor.

In the Lock date section you can set a date to prevent transactions before this date being edited or deleted. For more details see Locking transactions.
When you're done, click Save.

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title	To enter or edit your GST settings

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We've said goodbye to MYOB Direct Debit

We've discontinued our MYOB Direct Debit service as of the 20 September 2022. From now on, you won't be able to set up new direct debit requests.

What does the end of MYOB Direct Debits mean for me?

You may have received an email or other notification that we'll be discontinuing the MYOB Direct Debits service.

If you have active MYOB direct debit requests, any payments scheduled from 20 September will not be processed. If you want customers to continue paying you by direct debit, you'll need to make new arrangements with another provider.

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<h2><i class="fa fa-comments"></i>  FAQs</h2><br>

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title	How do I change the last month in my financial year?

How do I change the last month in my financial year?

If you've started a new financial year in MYOB, the last month in that financial year is locked. The only way you'll be able to change it is to start a new financial year.

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Check with your accounting advisor!

When you change your last month you shift your 12-month financial year period. As such, you'll need to consider when you should make this change and any reporting implications it might have. We recommend discussing it with your accounting advisor before making any changes.

For all the details see Changing the last month of your financial year.

Who can I talk to about the end of MYOB Direct Debits?

If you have any questions or concerns, please contact our payments support team:
Phone: 1300 783 674
Email: support@myobpayby.com

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Entering opening balances

Locking transactions

End of financial year in Australia

End of financial year in New Zealand

Changing the last month of your financial year

Online invoice payments

Creating invoices

Recurring transactions

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Versions Compared

Old Version 4

New Version Current

Key

To enter or edit your GST settings

To enter or edit your business settings

What does the end of MYOB Direct Debits mean for me?

How do I change the last month in my financial year?

Who can I talk to about the end of MYOB Direct Debits?

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