Accounting software firm MYOB has caused a stir with an admission that its popular accounting package is not yet fully GST compliant, The Australian reported yesterday.
MYOB Australia's general manager, Rob Evers, reportedly told a recent Australian Tax Office forum and expo in Adelaide that he doubted any software company could claim complete GST compliance, because the Federal Government had not set the parameters of the business activity statement.
MYOB had deliberately refrained from using the word "compliance", preferring to say they are GST "ready", the report said.
Other accounting software houses were quick to endorse Evers' comments.
"I was a bit surprised to read it (the report in The Australian), because of the advertising they have on all the buses, but I think he's right," said Marnie King, international business development manager for Solomon Software. "They're still making decisions in parliament and there's no way you can be fully compliant until they release all the information. When we say we're 'ready', which we are, it means that we have everything set up so we can make changes and refinements straight away, and we don't have to go into another two weeks of coding."
King said the government's indecision over details is likely to make GST implementation a lot harder for businesses.
"It will have a pretty big impact. The whole implementation of GST will take a lot longer than we thought it would. It's not just two hours and chuck on an extra module, it's a long, ongoing process. The government did talk of delaying it, but they seem to be trying to get out of that now."