You can reduce your accounting fees considerably if you produce an accurate set of 'end of year' accounts using a cashbook like this.
The cashbook won't produce a 'Tax based' balance sheet but there is a further module included in Landmark called the Asset/Liability Register'. This tool allows you to list all of your assets (with market values on them), show all of your liabilities and produce trend reports.
Record your cash transactions
Reconcile to your bank statement
Use your data to create management reports for you
Use your data to create cashflow and comparison reports for your banker
Use your data to create 'end of year' reports for your accountant
Use your data to do your GST
Entries into the CASHBOOK can be made by either copying directly from your bank statement or your chequebook, or you can import directly from a downloaded statement from your internet banking website, saving you time and keystrokes!
The downloaded entries will remain in bold text until you finish the transaction by going into the edit screen and allocating the transaction its appropriate heading and tax type etc.