It is as simple as you handle your internet banking.

Market is flooded with accounting software and online account software. It is very difficult for any one to select a suitable accounting software to meet their business requirements. Most of the accounting software comes with sophisticated accounting system, sometimes it is information overloaded.

For a Sole Trader or ABN holder business reporting the accounting system needed could be very simple. Just an excel worksheet could do the job. No need for a accounting software with all cosmetics and confusing accounting jargons. Interactive Accounts Manager [IAM], www.eimpact.com.au, designed an online accounting software suitable to micro and small businesses.

Simplicity of IAM

1 Go to internet banking and export relevant period bank account in .csv file
2 Upload in Bank Ledger in IAM
3 Allocate entries, single or multiple
4 Generate reports for lodgment

IAM is a SBR-enabled software. So, you can lodge your BAS or other reports directly from IAM.

So, What is SBR-enabled software?

Standard Business Reporting introduced AUSkey for easy reporting. Business owners can register for AUSkey and get their Username and Password. This credentials allow the user to lodge their BAS directly from the SBR-enabled accounting software.

Interactive Accounts Manager can do the SBR lodging?

Yes.. Interactive Accounts Manager can do the SBR lodging from 01 July 2010. The production gateway will be ready by July 2010 and SBR lodgment can be channeled through IAM.