Tencia’s Australian Tax Software
Tencia’s tax accounting software capabilities are available throughout the system and ensure that the tax component for each transaction is calculated in the correct manner. When the system is initially set up, a consultation process occurs, to ensure that all the relevant codes are maintained. The consultation process ensures the efficient and effective recording of taxation information, as data is entered into Tencia.
Tax Accounting Programs
As Tencia has been designed specifically for the requirements of the Australian market, all the requirements established by the Australian Taxation Office are adhered to. When each relevant transaction is entered, a tax component is automatically calculated. The software ensures an accurate business activity statement report is produced and the correct data is sent to the Australian Taxation Office.
Tax Accounting Software for Small Business
At tax time a small business needs to correctly ascertain how much tax they have paid out and how much tax they have collected, on behalf of the government. The difference between these two amounts then needs to be transmitted to the Australian Taxation Office, so either a tax payment or a tax receipt occurs.
Tencia adheres to all the mandatory Australuian business tax requirements that the Australian Taxation Office has established for Australian businesses. This covers everything from GST to Prescribed Payments, to fuel tax receipts. Essentially, any mandatory tax requirement is incorporated within the Tencia solution. Tencia’s working relationship with the Australian Taxation Office and the thousands of different Australian businesses, who utilise their solution, ensures adhering to Australian business tax obligation requirements is always a top priority for Tencia.
"EAS was very easy to use, so easy to use actually, it’s quite unbelievable. You just press the button, log on to the Australian Taxation Office through Arrow and you’re done in ten minutes, it’s so easy. All the information is there, there’s no way you can get your quarters wrong. EAS tells you everything. And the fact that we have that extra time to submit our statement is brilliant. It just means we have time to finalise our quarter and there’s no panic."
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 | General Ledger
Tencia’s General ledger offers real time data and is fully integrated which is fundamental to ensuring the integrity and accuracy of your financial information. |
 | Cashbook
The Tencia cashbook maintains an up to date running balance of your cash position so you are fully informed about your organisations liquidity at any point in time and able to forecast future cash flow based on accurate data. Keeping you informed and in control. |
 | Debtors
The debtors feature allows you to keep track of important customer sales and credit information. Tencia gives you the ability to quickly and easily monitor customer outstanding balances. The simple to use interface lets you perform detailed on screen inquiries providing you with up to date information to enable efficient customer follow up and collection of outstanding amounts. |
 | Creditors
The creditors feature allows you to keep track of and reconcile your creditor accounts. Tencia’s easy to use interface allows for rapid data entry of supplier invoices. Giving you the insight you need to monitor the age of your suppliers debt, more effectively. |
| Payroll
The Payroll feature allows the operator to set up an individual’s pay in any form required. Giving you enormous flexibility in the way the payroll is prepared. |
 | Purchase Orders
Tencia’s Purchase Order features allow you to effectively manage orders that are placed with suppliers. This feature is fully integrated with job costing, Bill of Materials and the Sales Order system so that automatic stock allocation to customer backorders occurs. |
 | Sales Orders
The sales order features in Tencia allow users to manage the complete sales order cycle, from preparing quotes to issuing Debtor invoices. |
 | Stock
The Tencia stock module gives you control over the entire stock cycle, from the initial purchase of the goods to the eventual sales, making it easy to track stock movements and inventory levels quickly and accurately. |
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