Any recommendations for low cost accounting software suitable for the following?
- runs on Windows computers (not cloud)
- suitable for Australian companies
- low upfront cost and low or nil ongoing costs
- calculates figures for BAS and tax returns
- calculates PAYG for salary payments and directors' fees for two people (both owner/director/employee of the business)
- can import bank statements (or possibly link directly)
- can keep up to date with changes in Australian tax (e.g. annual PAYG rates)
- ideally, can export data or reports for accountant
The software only needs to handle a small number of monthly transactions. It does NOT need to be able to prepare invoices or quotes, create budgets, or monitor inventory.
It seems that you are after a product that does the equivalent of MYOB or Quicken, but without the cost of MYOB or Quicken. Unfortunately there aren't really any products that have all the functionality you are after for no cost.
Perhaps talk to your accountant about BankLink. It may have a solution that works for you.