With the introduction of Single Touch Payroll, the Australian Business Register (ABR) no longer collects or updates trading names (since 28 May 2012), and any existing trading names that were collected before this date will be displayed on ABN Lookup until 31 October 2018.
Learn more about Single Touch Payroll from our previous Blog Post here
As a result, from the installation of Version 18, Trading Name (Payer trading name) is required to change to Legal Entity Name (Company Name).and all Reports and Pay Slips will be updated to only display the Legal Entity Name (Company Name). Pay Advice Slips (1 Up) (Plain Paper A4 – Trading Name) and e-Mail Pay Advice Slips (1 Up) (Plain Paper A4 – Trading Name) have also been depreciated.
From Version 18.10, the Full Company Name (Payer name) field is now unavailable to enter new information or edit existing information.
From Version 20.XX, the Full Company Name (Payer name) will be removed therefore there is no need to update the name in this field.
If you need to update your Legal Entity name (Company Name), please follow How do I update my Legal Entity Name (Company Name) with the changes in Version 18?