MYOB expands access to AI BAS beta to more businesses

MYOB noted that there are around 920,000 Australian businesses employing between one and 19 people based on data from the Australian Bureau of Statistics (ABS).

"As businesses grow and take on employees, BAS preparation becomes more complex, adding to the administrative burden. AI BAS is designed to help businesses stay ahead of their obligations by surfacing issues earlier and maintaining visibility of BAS readiness throughout the quarter," the technology provider said.

Connected directly with MYOB’s business management solutions, AI BAS uses information already held within the customer’s MYOB file, the financial source of truth, to help categorise transactions, identify potential GST issues and highlight missing documentation, while keeping customers in control of review and lodgment calls.

In addition to GST-related BAS preparation, the employing business beta for AI BAS will support additional obligations including PAYG withholding.

Dean Chadwick, chief customer officer for MYOB, said AI BAS reflects the company’s strategy of using intelligent technology to simplify high-friction business workflows and help customers spend less time on administration, gaining a more real-time view of their BAS obligations across the quarter.

“Compliance is one of the most essential jobs in business, but it’s rarely where business owners want to direct their time,” said Chadwick.

“AI BAS helps address this by turning BAS preparation into ongoing progress throughout the quarter, rather than a stressful exercise at lodgment.

“As businesses grow and take on employees, compliance becomes more complex, and the administrative burden increases. We’re focused on helping customers stay ahead of those obligations by surfacing issues earlier and making it easier to act while information is fresh.

Chadwick said AI BAS will help customers to identify issues earlier, understand their obligations more easily and approach BAS with greater confidence.”

The release builds on MYOB’s growing portfolio of intelligent business tools, including in-product AI assistant capability, AI-powered business insights, and recently announced integrations with Claude and ChatGPT.

These combined capabilities reflect MYOB’s goal of bringing intelligent assistance directly into the workflows businesses rely on every day while maintaining the integrity of the underlying system of record, the software firm said.

“This is another important step in our ambition to change the way business gets done,” said Chadwick.

“We’re focused on applying intelligent technology to the jobs our customers need to complete every day, helping them spend less time on administration and more time on running and growing their business.”