Running the PTRS Report

Note:
These instructions are for PTRS reports with a reporting period start date after 1 July 2024. For reports on earlier periods, see our PDF help file.

After making sure your suppliers have ABNs and identifying which suppliers are small businesses, you're ready to do your PTRS report. MYOB Acumatica automatically calculates the PTRS information you need, but you have to review the calculations to ensure they're correct. Then you can use the calculations in your submissions on the Payment Times Reporting Portal.

Calculating PTRS information

  1. Go to the PTRS Report Preparation screen (MYPT3000).
  2. On the toolbar, click the plus icon (+) to start a new report.
  3. In the Company field, select the company that is the main reporting entity.
  4. In the Entity Information section:
    1. Enter the company's ACN and ARBN.
    2. Optionally, enter the approver's name and approval date.
    3. If your company charges procurement fees, offers supply chain finance or has payment rules, select the relevant checkbox.
  5. To include multiple companies in the report, add them in the Other Companies field.
    Note:
    Make sure the transactions of each company have all been entered into a single tenant of the company that is submitting the report.
  6. Set the Reporting Period Start Date and Reporting Period End Date fields.

    The fields in the Report Calculations section are automatically calculated.

Reviewing PTRS calculations

When reviewing the Report Calculations section, you can edit any field to correct a miscalculation. For detailed information about the calculations, see the Australian government's Payment Times Reporting Scheme guidance materials.

If you change the company or reporting period dates after editing a field, it will be overwritten with an automatic calculation again. So you might need to make your correction again.