MYOB puts BAS and IAS online

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MYOB puts BAS and IAS online

The accounting provider makes it easier to lodge key tax statements.

MYOB's new Online Activity Statements enables direct lodgement of Business Activity Statements and Instalment Activity Statements by small businesses or their accountants and bookkeepers.

According to an MYOB survey, nearly a third of small and mid-sized enterprises said they wanted a simple online lodgement facility, and a quarter wanted integration between their accounting software and BAS/IAS reporting.

“With policy to simplify reporting being actioned in this year’s budget, our Online Activity Statements leverages the simpler laws and makes SMEs job a whole lot easier,” said MYOB CEO Tim Reed.

“The system can pre-fill sections of the BAS and IAS forms using businesses' online files and because it’s online and integrated with MYOB accounting software it now means that BAS can be filled through one easy process rather than double handling.”

MYOB Online Activity Statements only works with the company's Windows-based AccountRight software.

There is no indication at this stage that the company will extend the integration to its other products such as MYOB Essentials, but that would seem a logical progression.

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