e-Record Update:
See our post:
See our post:
E-Record (also known as erecord or e record) is suitable for many small business and Subbie's with simple bookkeeping requirements. Although it is FREE, I personally find it cumbersome to use in both data entry and reporting. We always recommend Cashflow Manager over e-Record. However, for small businesses starting out it is a relatively satisfactory short term solution for a broad range of requirements.
What is e-Record? E-Record is a free, electronic record keeping software product. It helps small businesses (including non-profit organisations) to keep good business records and meet their taxation reporting obligations.
What does it enable you to do? E-Record enables you to:
- prepare your data for activity statements
- lodge your activity statement online
- easily prepare payment summaries (Individual non-business and Employment termination) and your pay as you go withholding annual report
- prepare tax invoices (you can email them by saving as PDF first)
- do a bank reconciliation
- record payments to workers
- keep records for more than one business
- obtain a summary of income and expenses to assist in preparing your tax return
- reconcile daily sales recorded on your cash register
- monitor your cash flow
- easily create a back-up of your data, and
- easily export data from your cashbook and summaries
- the ability to download data from your bank (as e-Record is not an online product)
- Tax Office access to your information (as the records you keep using e-Record are stored on your computer)
- quotes
- the ability to download data from banks
- debtors and creditors reports
- balance sheets
- profit and loss statements
- inventory control
- the self printing of plain paper payment summaries, or
- electronic reporting of the pay as you go withholding payment summary annual report.
comments
3 Responses to "e-Record ATO's FREE cashbook software"Have just been advised by the ATO that e-Record is to be withdrawn!
Cannot afford to buy any commercial software, what do I do now??
ATO’s e Record will be discontinued from July 2010. I was looking for an alternative bookkeeping solution and found this informative site about eRecord: http://www.smallbusinesslog.com/ . Do you agree that Cashflow Manager is the next best alternative to replace ATO’s eRecord or MYOB is a better one?
Please advice.
Regards,
Mark
You can continue using the e-record software that you have - it simply means the ATO will no longer be upgrading or maintaining it.
As far as Cashflow Manager foes, we have used it and sold it to many clients. I feel it is the most effective, easy to use, cost effective product on the market - for most small businesses.
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