You can choose to set up a customised bookkeeping system manually using accounting books cds , electronically via spreadsheets and cloud or use simple accounting software
Here is a list of Accounting software for Small businesses to be compliant with ATO accounting methods according to ato website.
There are many software packages on the market that allow small business to successfully control accounts and records without an accounting qualification.
Below accounting software is intended to be developed , keeping in mind the ato accounting guidelines.
Building and construction industry
The Taxable payments annual report will be required to be submitted by those businesses in the building and construction industry that have paid contractors for building and construction services
A list of those developers who have registered their intent supporting the new Taxable payments annual report in their products for the 2012-13 financial year below
Small business accounting software
Accentis Enterprise is a fully-integrated accounting, business management and manufacturing system (ERP/MRP) suitable for businesses having between 2 and 100+ users. Designed for small to medium-sized businesses who have outgrown their off-the-shelf system, Accentis Enterprise is fully designed, manufactured and supported in Australia and has been tailored to suit Australian business who need an affordable, feature-rich and flexible business management solution.
All modules are designed as part of Accentis Enterprise, not third-party add-ons, and include:
– General ledger & financials
– Customers, receivables and Customer Relationship management (CRM)
– Suppliers, payables and Supply Chain Management (SCM)
– Inventory management & warehousing
– Job costing
– Manufacturing (kitting, BOMs, MRP)
– Payroll & Human Resources
– Fixed Assets
– Reporting (over 500 standard reports, all customisable)
MYOB AccountRight Enterprise
Business intelligence and accounting software.
Like AccountRight Premier only more advanced. Use MYOB AccountRight Enterprise (formerly MYOB Premier Enterprise) to drill down to your accounts, payroll and warehouses from wherever you are using Terminal Services. It really does take your numbers to the big stage. It also comes with a 12 month membership to MYOB Cover.
If you want you can also Try the Demo Company (AU) and have a play, try out new features and get familiar with Xero, before actually buying – but i would suggest just getting the free trial first is better which can be done in a few steps (takes 5 minutes) as shown above and giving it a go.
The Accrivia software package offers a range of accounting and operational modules software (including General Ledger, Cashbook, Payroll, Debtors, Creditors, Jobs / Projects, Inventory and Web Interfacing) and caters for small and medium businesses that require more than an ‘off the shelf’ accounting package.
QuickBooks 2012-13 allows access for up to 30 users simultaneously (depending on version used) and includes a comprehensive payroll module, industry specific editions, accounting reports and multi-user capability. QuickBooks 2012-13 also includes the ability to submit your BAS return via the Standard Business Reporting online system.
ERP Software for the Mining, Exploration and Oil & Gas Industries
ClearAccounts is a complete windows based multi-user accounting system designed with flexibility for medium to large size companies, compliant with ATO regulations. The core modules include Debtors, Inventory, Creditors (Cashbook), and General Ledger and can include Purchase Orders, Sales Orders, Payroll, Job Costing, Bill of Materials (Kits), Fixed Assets, Sales Quotes, Foreign Shipping, Overseas Creditors, Colour Selections (Tiles), Point of Sale and Masterviews & Charts, fully integrated. ClearAccounts includes electronic creditors payments bank file creation, electronic filing of BAS, bulk emailing facilities and can have custom modifications to meet specific company requirements
Arrow Financials delivers to businesses timely and accurate information, smart drill downs menus, extensive audit trails, real time interactivity for immediate data update and response. Arrow Financials is modular in its design, which enables you to select the modules in a combination that best meets your individual business requirements. Available modules include Arrow Financials include: Cashbook, Debtors, Creditors, General Ledger, Job/Time Costing, Fixed Assets, Payroll, Purchase Orders, Sales Orders, Stock, Bill of Materials, Foreign Currency, Multi-Company, Security Matrix, Special Pricing Matrix, Front Counter, Serial Batch Tracking, Advanced Sales Analysis.
Preparation and electronic lodgement of all tax forms 2001 to 2013.
Tax Assistant integ
Attaché Accounts software is aimed at small to medium businesses that have outgrown off-the-shelf packages and require better network performance, customisation and control. Operational benefits include faster order processing, more flexible pricing, improved stock control and warehouse management, faster debtor payment and advanced reporting. In addition, Attaché Accounts provides specialist solutions such as CRM, Job Costing, Manufacturing and electronic document delivery. Attaché Accounts has no large upfront software payment, just a low monthly amount, and you can scale the software (up to 100 users) to match your growth
Interactive Accounts Manager [IAM]
Web based online accounting software produces standard reports & SBR reports. The user can interact with their accounting professional well within the software.
This is an ideal software for ABN contractors, Sole traders and micro & small businesses.
Software to replace E-record software download is over here
More information here http://www.ato.gov.au/businesses/paymentsreporting