E-Record Withdrawal

A popular record keeping system used by many carers has been the tax office’s free tax program, E-Record. Earlier this year the tax office announced that E-Record will no longer be available from 1 July 2010. The tax office also stated that all support for the product will cease from 30 September 2010.

Click Here to view the Tax Office Notification

What this means is that the tax office is only going to provide e-record support for you to complete your 2009/2010 tax return up until 30 September. You will still be permitted to use E-Record if you already have it installed on your computer after this date, however there will be no updates and if you encounter any issues with your data no support will be provided. For these reasons the tax office has stated that you should not use e-Record for your 2011 income year records.

If this decision impacts upon you it is now time to consider your future software requirements. There are a number of alternative software packages that you may wish to consider. Some of these options are listed below.

E-RECORD ALTERNATIVES

There are a number of software packages available on the market. Below are four of the most popular alternatives to E-Record that you may wish to consider. Click on the links below to be taken to the website for the different products listed.

Family Day Care Cashbook www.fdccashbook.com.au
Harmony Light for Carers www.harmonysoftware.com.au
MYOB Basics www.myob.com.au
Quicken Accounting www.quicken.com.au

Microsoft Excel

Another alternative to consider is Microsoft Excel. It usually comes free with Microsoft Office. You will however need some assistance setting it up, but once completed it can be a good tool for recording and totalling your expenses. For more information on Microsoft Excel please go to http://office.microsoft.com/excel

If you need help with deciding upon which product to use or help in setting up your system, we are more than happy to help. Please book an initial consultation.