The next generation: MYOB AO

MYOB AO. So what’s new?

MYOB AO has a contemporary new look and feel built on the latest technology. It’s designed to allow you to do the same work – only more efficiently.

Everything you need in one to two clicks > a new look based on the layout you know and love. You now have access to all AO applications - including Practice Manager, Tax, and Client Accounting - from within AO.

Insight > AO now includes a digital dashboard to provide you with essential information. At a glance, see a snapshot overview of practice WIP, highlight any jobs about to miss deadlines, and monitor your Tax Lodgement Program.

Connected > Client Accounting in AO is easier than ever. Now you can read, report, and write back to your client’s AccountRight data file from within AO. Say goodbye to rekeying data.

AO Help Centre > The help centre is built into AO to provide immediate access to assistance on common workflow matters and quick links to the MYOB Knowledgebase, online training, and much more. You can even log a request for support directly from your desktop.

You can easily extend your capabilities with MYOB AO because all the applications seamlessly integrate, including Tax, Practice Manager, Client Accounting and Document Manager.

What’s new in AO Tax?

		Insight > Graphical dashboards enable you to filter, sort and group client or lodgment data - instantly populating on-screen reports.
		All you need in one to two clicks > Access returns from a new toolbar and monitor tax lodgments at a glance.
		Tax return tab > View the status of key tax returns without clicking into the return. Create or launch current and prior year AO tax returns from the tax return tab.
		Comprehensive tax engine > Have total confidence in your work with new and improved worksheets. Enter data once and it flows through to all relevant schedules and returns to generate correct tax estimates.
		Spend less time on the ATO website > Tax rates are available within AO and are always up to date.
		MYOB’s Tax Validation Engine has a 99% Tax Office acceptance rate > It’s the highest in the market. MYOB lodges the most tax returns every year, so you can trust AO Tax with its advanced validation process - including extensive warnings informing you of any anomalies.

Find out what to expect when you first open the next generation MYOB AO Tax.

Understand your true performance with MYOB AO Practice Manager

What’s new in AO Practice Manager?

Insight >

Every team member has their own digital dashboard or ’homepage’ to provide the information important to them. At a glance, see a snapshot overview of practice WIP so nothing is missed. To see what makes up any figure, simply click through the graph. Homepages include:

• Aged WIP and Debt
• Top ten WIP, Debt, Lock Up Clients
• Practice KPIs such as WIP Days, Debtors days, and Average Hourly Rate
• Team productivity
• 12-month rolling graphs covering Time, Billing, and Debtors

How can AO Practice Manager save time and make you more productive?

		Productivity > You can see exactly how you are tracking against your budget – right from the desktop – at any time. Don’t wait for reports at the end of a month - information is now at your fingertips every time you log in.
		Simplified billing > The new billing wizard steps you through each stage of invoice creation - simplifying the process of allocating WIP to invoices.
		Easier timesheet navigation > Timesheets are one click away using the new MYOB AO Tool Bar from anywhere in the suite. Once inside a timesheet, simply navigate back and forth between days to quickly review or amend.
		Never miss deadlines > Managing practice jobs is easy with enhanced filtering and the ability to view the fields you want to see using drag/drop functionality in the main workflow screen. A single mouse click filters out jobs that are about to break budget or miss deadlines. Users can simply group jobs to see what is due in a week, what jobs are held up with queries, and work ready to be billed - without having to run a report.

Find out what to expect when you first open the next generation MYOB AO Practice Manager.

The next generation of MYOB AO can revolutionise the way you do client accounting work

If you currently have both MYOB AO Classic Tax and Client Accounting - or AO Classic Practice Manager, you’ll receive MYOB AO Client Accounting Standard when you upgrade to MYOB AO.

If you also have MYOB’s current Workpapers tool, you’ll instead receive MYOB AO Client Accounting Plus.

You can continue accessing your General Ledger in AO Classic, along with Assets and Trust Ledger. But now practices with clients using MYOB AccountRight can choose to complete client accounting work using a new set of MYOB AO Client Accounting tools.

A smarter connection with your clients:

• Saves you time by eliminating time consuming steps including data access.
• Enhances the quality of your work by removing manual data entry.
• So much more – Statutory Reporter and Workpapers can revolutionise the way you complete your client accounting work.

AO Client Accounting tools, including Statutory Reporter and Workpapers, interact with data directly from your clients’ MYOB AccountRight data files. When AccountRight Live is released in the coming months, your clients can simply add ‘online services’ to locate their data in the cloud. You then have anytime access to data that’s always up to date.

We call it the Common Ledger between you and your clients.

If you fully embrace the Common Ledger, there’s no longer a need to rekey data, map account codes, reconcile opening balances, or create adjusting journals to keep ledgers in sync.

Your practice will have the potential to reduce the accounts production process by up to 40%.

Statutory Reporter

		Simple > Statutory Reporter allocates the majority of account codes from the AccountRight file, and makes decisions on what notes to the account are appropriate. Any additional accounts are allocated quickly and easily using drag and drop.
		Quick > Formatting financial statements can take a long time. Statutory Reporter makes the process quick by allowing you to reorder reports in seconds and edit text on-screen. Common tasks such as page numbering, watermarks, and insertion of logos are just a click away.
		Efficient > The review process is fast and efficient with Statutory Reporter. Simply double-click on any amount and see exactly what accounts make up the number. You can even reallocate accounts there and then.

Integrated

Because Statutory Reporter is part of the AO suite, information such as company directors and addresses flow into financial statements without the need to re-key. Storing final copies in PDF is a mouse click away when used with MYOB AO Document Manager.

Workpapers

If you are eligible to receive AO Client Accounting Standard, it’s easy to instead receive AO Client Accounting Plus and receive the benefits of Workpapers. Simply call us on 1300 555 666 or email accountants@myob.com.au.

		Efficient > Data is pulled directly from your client’s AccountRight file - saving you time and enhancing accuracy.
		Consistent > Use pre-loaded industry standard workpaper templates to ensure practice-wide consistency.
		Safe > Sophisticated security features ensure approved workpapers can’t be tampered with. Unlike spreadsheets, you can have confidence in the workpaper integrity for years. During preparation, audit trails track any status changes - so you reduce risk and have total confidence.
		Workflow > Enhance the way work flows through your practice with a review and approval process - including visibility into workpapers that are approved, awaiting approval, or requiring rework.