Managing Annual statements

https://help.myob.com/wiki/x/SI86Ag

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Annual Statements are retrieved from your ASIC mailbox automatically each day. You can find them in the All clients > ASIC > Annual statements view.

To download the Annual Statement pack from ASIC, click the ellipses button for the company and choose Download documents.

Annual statement status

Companies 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.

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	Waiting for client payment or signature
Done	Company details are reconciled and up to date. Your client has paid the annual fee and signed the

Completing an annual review

To 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.

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
The company details in MYOB Practice matches the data on ASIC's records.
The company details in MYOB Practice is different to the data on ASIC's records.
For all rows with a status, select the column with the correct data. For example, if the company's registered address is correct on ASIC's records, select the address in the ASIC database column.
When all discrepancies are addressed, click Update and prepare statement.

To send documents for signing

From the Annual statements view, click the ellipses button and choose Send for signing. The Create task page 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.

What if my client doesn't use the client portal?

To download annual statement documents

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.

To manually update the annual review status

Can only be done on "Awaiting client'.

We'll update when its paid and you update when its signed.

Related topics

PS Help: Getting Started Home

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Annual statement status

Completing an annual review

What if my client doesn't use the client portal?

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Tax

Status	Description
	The company details in MYOB Practice matches the data on ASIC's records.
	The company details in MYOB Practice is different to the data on ASIC's records.