e-Record ATO's FREE cashbook software

e-Record Update:  
See our post:
ATO Withdraws e-Record

We recommend Cashflow Manager to ALL our small business clients.

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
What doesn’t it provide?
  • 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.
How to obtain a copy? Go to the ATO website Downloading, installing and upgrading e-Record, or phone 1300 139 051 and use the publications and forms ordering system to order an e-Record CD. It will take up to seven working days for the CD to arrive.

For help with your eTax return see our eTax Return Checklist.

Web Based Tax Return App:

A benefit of using eZtax, our web based tax return app, is we have the genuine online tools, knowledge and experience to get the best tax refund for our clients, making it easy to complete your annual tax return online.

Our Web Based Tax Return App will step you through all the necessary questions to increase your 2014 tax refund estimate and take into account all relevant tax deductions and tax offsets. Try it now. Its FREE to get started! 

Copyright 2014. My Tax Zone.