e-Record is the ATO’s free record-keeping software for small business (though I know of several larger businesses using it successfully). Unfortunately for users of e-Record the ATO are withdrawing it from 1 July 2010. User support for matters relating to the 2009–10 income year will continue until 30 September 2010.
Do you use e-Record?
If you currently use e-Record you should be aware:
1) The Tax Office is recommending you move to a suitable alternative record-keeping system. Ideally you would have this in place by 30 June 2010.
2) You can continue to use e-Record after 30 June 2010 but only to complete your 2010 or prior income year records.
3) You will need to complete any outstanding record keeping entries for the year ending 30 June 2010 and prior years before 30 September. It’s also a good idea to print out any information that you want to retain.
Article by Christie Lewis
Christie is Practice Manager at Alan Lewis Accountants . Besides accounting, her passion is for all things small business (and blogging, of course). You can contact Christie directly at christie@lewistaxation.com.au.
Christie has written 811 awesome articles for us at Alan Lewis Accountants – BLOG
Twitter: @christielewis | Facebook
