accounting
software pty
limited
... making accounting easy
Welcome to the web site for Accounting Software Pty Limited, a privately held company based in Sydney, Australia.
Set out below are our mission statement, main product information, company profile, other services and contact details.
Our mission
We aim to make life easier for anyone having to perform financial accounting tasks.
EasyTEA ... making tax accounting easy
Available now
EasyTEA is now available to make life easier for anyone working on tax effect accounting calculations using the balance sheet method prescribed by AASB 112 / IAS 12 and UIG 1052.
Making life easier for anyone managing tax effect accounting
EasyTEA is a program designed to save considerable time and risk for anyone performing tax effect accounting calculations.
Users are guided step by step through the requirements of the balance sheet method adopted in the new standard AASB 112 / IAS 12 and UIG 1052.
EasyTEA comprehensively performs and documents the complex calculations for multiple periods.
Accounting experts will appreciate the speed and efficiency with which they can get the job done. Beginners to tax accounting will enjoy the step by step approach and context-sensitive plain English help, fully cross-referenced to the standard which is also built into the program.
Most users will be productively managing their tax effect accounting tasks within minutes of loading the CD.
Key benefits
Put simply, EasyTEA offers the most cost effective solution for any organisation adhering to the tax effect accounting standard AASB 112 / IAS 12 and UIG 1052. Calculations under FAS 109 are also accommodated. The program manages the tax accounting process and provides:
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faster calculations |
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easier comprehension |
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reduced risk of errors |
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cost effective solution |
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improve morale through reduced stress and drudgery |
Comprehensive coverage
EasyTEA comprehensively handles the requirements of AASB 112 / IAS 12 and UIG 1052 including the following:
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Presentation templates for balance sheet and income statement, including detailed notes to the accounts, all cross-referenced to the standard and automatically populated where appropriate |
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Comparative figures are automatically populated |
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Detailed current tax calculation includes nearly 100 standard items and the ability to add other items. Any unused items may be hidden. |
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Prior year over/under provision adjustments are detailed item by item for both current and deferred tax items |
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Automatically handles current and prior year losses, including revenue losses, capital losses, "other" losses, loss transfers and exempt income. The aged history of each loss category is preserved. |
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Item by item detail of tax base calculations, including support for dual tax cost bases |
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Automatically handles effect of changes in tax rates, both for prior period and current balances |
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Automatic classification of temporary difference as either deferred tax asset or liability |
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Automatically handles impact of changes to recognition of deferred tax balances from period to period |
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Unrecognised deferred tax assets are tracked item by item |
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Journal entries include standard and UIG 1052 entries for tax consolidated groups |
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Includes detailed templates for difficult areas such as business combinations, compound financial instruments, reconciling depreciable assets and reconciling finance leased assets |
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Automatically re-categorises "flip" items changing their deferred tax asset/liability status from year to year |
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Handles current/non current classification for USA based entities |
General features
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Step by step approach assists users not experienced with tax accounting |
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Built-in context sensitive help |
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Built-in plain English guide to tax effect accounting under AASB 112 and UIG 1052 for tax consolidated groups |
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Built-in data validation checks for common input errors |
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Access restrictions for group and/or entity by user name and password |
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Minimal system requirements (if you can run Microsoft® Excel97, then you can run this program) |
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Automatic collations include user adjustments and overrides |
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Easily customised to suit specific requirements |
Significant capacity
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Unlimited groups (subject to licence and computer capacity) |
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2,500 entities per group in sub-groups of 50 in standard version (subject to licence and computer capacity) |
Existing users
Without
mentioning names, existing users of software from the creators of EasyTEA
include:
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public companies |
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7 out of top 10 accounting firms (including the largest) |
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small accounting firms |
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sole practitioners |
The following industry groups are represented:
| agriculture |
| banks |
| cleaning (industrial) |
| construction |
| defence |
| financial services |
| foods |
| government |
| health |
| human resources |
| infrastructure and engineering |
| insurance |
| manufacturing |
| mining and resources |
| pharmaceuticals |
| property investment |
| security |
| telecommunications |
| transportation |
| property investment |
Licence entitlements
The program is licensed on a per entity and per year basis. For example, a user may license the program in 2005 for 3 entities and 5 years. This allows the user to perform tax effect accounting calculations for those three entities covering the financial years 2005 through to 2009 inclusive.
The advantage of licensing multiple years up-front is that the user has immediate access to multiple period calculations which greatly assists in planning and budgeting.
If the user wishes to use the program to perform calculations for entities and/or years not covered by the initial licence, a licence upgrade can easily be arranged by telephone.
Pricing
The pricing is A$99 ex gst per entity and per year. For example, to cater for 2 entities with calculation capacity for 7 years would cost A$1,386 ex gst.
Printed versions of the TEA Guide (a plain English guide to tax effect accounting) are priced at A$49 ex gst (an electronic version is accessible within the program on a context-sensitive basis).
A minimum order value of $990 ex gst applies to an initial order but does not apply to subsequent licence upgrades.
Licence upgrades after the initial order will be provided at prices applicable at the time of upgrade and no minimum order values would apply.
The 'per year' factor applies to all entities licensed (ie you cannot licence one entity for 2 years and another entity for 4 years).
As mentioned above, it is advantageous to licence multiple years up-front since this allows immediate access to multiple period calculations. It also safeguards against potential price increases.
A full refund is provided if you are not satisfied and return the package within 30 days.
Order form and/or brochure
Emails may be sent to helpdesk@accountingsoftware.net.au
The order form may be accessed in pdf format by clicking here [Order form].
A brochure with an order form may be accessed in pdf format by clicking here [Brochure].
Other programs and services
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Comprehensive solutions for tax consolidations (including tax cost setting and tax loss management) - see our sister company Tax Technology Pty Ltd |
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Customised solutions to suit specific requirements |
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Consulting services on tax accounting systems and processes |
Company profile
The company founder, Gerald Jaworski, is a chartered accountant IT specialist member, and a registered Tax Agent. After spending many years in audit, tax consulting and developing technology solutions for 'Big 4' accounting firms internationally, he has founded this enterprise to bring powerful and useful tools to accountants and tax practitioners.
Contact details
Our preferred means of communication is email, however please feel free to call or write.
- Electronic mail
- General Information: helpdesk@accountingsoftware.net.au
- Telephone
- +61 0500 855 655
- FAX
- +61 (02) 4758 6900
- Postal address
- PO Box H246 Australia Square Sydney NSW 2000 Australia