Differences between MYOB Practice Tax and MYOB AE/AO

MYOB Practice can do most of the workflows that you can do AE/AO, but some features are not yet available in MYOB Practice.

We’ve put together this table designed to help you understand the differences and make informed decisions.

Key

In Progress: Features that we're working on now and will be live soon.
To do: Features that we're planning to work on next.
Backlog: Features that are in our list.

Preparing tax returns

Feature	Status
Populate contact details for beneficiary/spouse/partner into return	In Progress
Create a 2024 individual tax return	In Progress
Capital Gains Worksheet	To do
Depreciation integration from Assets	To do
Create a 2024 Company tax return	To do
Create a 2024 Partnership tax return	To do
Create a 2024 Trust tax return	To do
Substituted Accounting Periods	Backlog
Import from financial reports and/or workpapers	Backlog
Enter PAYG instalment amounts for tax estimate	Backlog
Display prior year comparison	Backlog
Adding comments on tax return fields	Backlog
What If? estimate calculators	Backlog
Display Proof Of Identity completion status	Backlog
Using tax returns before 2022	Backlog

General reporting and printing (All return types)

Feature	Status
85% lodgment benchmark report.	Backlog
ATO reports - ATO client list and MYOB client list comparison - EFT reconciliation report - Importing ATO Due dates - Print ATO validation report - Printing validation/rejection messages - Notice of Assessment details - Printing ATO Pre-fill data (Individual returns only)	Backlog
Tax reports - Tax return reporting on certain fields	Backlog
Default printing options	Backlog

Minor forms

Feature	Status
Family Trust Election/Revocation	Backlog
Fringe Benefit tax return	Backlog
Notification of consolidated group	Backlog
Interposed Entity Election/Revocation	Backlog