Payment Times Reporting (AU)

The Payment Times Reporting Scheme (PTRS) is a government initiative to improve payment times for Australian businesses.

In September 2024, the Australian government reformed the scheme and introduced new reporting rules for businesses that:

• Generate $100 million or more in annual consolidated revenue.

• Are constitutionally covered entities that are incorporated, managed, operate, or hold voting power in Australia.

• Are corporate Commonwealth entities that also meets the above criteria.

For detailed information on who needs to report, see the Australian government's Payment Times Reporting Scheme guidance materials.

The pages linked below explain what you need to do in MYOB Acumatica to accurately calculate your PTRS information.