The product has been reviewed and found to no longer be compatible with current commercial record-keeping systems. It would also need to be redeveloped to keep up with technology and new business directions.
Version 6.2 is the final version of e-Record and is available for download until 30 June 2010. The ATO encourages e-Record users to consider purchasing record-keeping software by 30 June 2010.
I have never liked e-Record as I found the reporting to terrible and not the least bit user friendly.
Since GST commenced in 2000 we have recommended and supplied CashFlow manage to many small business client with great success.
For those people wanting to replace e-Record we highly recommend Cashflow Manager - see our post:
comments
4 Responses to "ATO Withdraws e-Record Bookkeeping System"I am a Registered Tax Agent and Accountant, and I have followed e-Record since its inception around 2001. I even have the pre-release version, and the original idea was to cater for the small micro business that kept paper records.
The loss of e-Record is a loss to many people who will just move back to paper records. I was able to convince more than 40 separate micro business people to move over into computer records using the very simple e-Record and now our Labor Government has pulled the plug and it is a very backward move.
It took me some time to get all these micro businesses to computerise and use a simple common and available to everyone accounting software.
My efforts have now been destroyed by the Labor Government.
When I research further it appears that there are many more users of e-Record that what is known.
It is time for the Government to rethink about withdrawing e-Record and keep e-Record simple.
I am a local bookkeeper in Brisbane. While none of my clients use e-Record, I have meet a number of local business owners who do. They do not see any value in expensive Quickbooks or MYOB software along with the additional expense of paying for a bookkeeper on top of an accountant. E-Record being free allowed them to use a computer instead of double entry manual bookkeeping. I echo the sentiments left by the accountant.
This leaves me with questions like 1. Increased over regulation of small business 2. Enforced expensive additional learning 3. Super 3% increase 4. Free e-Record taken away How do all of these changes benefit micro small business or the one man operation?
I use it for record keeping, and since the business is small it was easier for me to use, now I dont know what to use as I do not want to pay for a program that I continueally have to pay to upgrade.
Looks like I will pile it in a box instead and hope someone else can sort it or simply act like a business without keeping records or reporting any.
then it won't be a hassle at all.
Although the ATO is no longer supplying or supporting eRecord you can still use the old versions. The only problem will be if it crashes you won't be able to replace it.
We do strongly recommend Cash Flow manager for simple small business operations - very easy to use.
Post a Comment
Thanks for using my TAX BLOG. Depending on our current work load there may be a delay in responding to questions.
Topical questions will be added to our Facebook and Twitter accounts - check it out and like!
Kind regards