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CQS User Group 2008

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  1. CQS User Group 2008

  2. FINANCIAL TIMES: • Merrill chief sees severe global slowdown • Vodafone unveils £1bn savings plan • Kazakh banks agree $3.4bn bail-out • S&P cuts SA outlook to negative on growth, current account deficit • Skills shortage in infrastructure sector • Virgin Media to slash 2,200 jobs • Oil prices hover around 18-month low • Fannie Mae reports $29 billion loss CQS User Group 2008

  3. The Audit & Accounting Market • Change is Constant • Too Busy, More Pressure, More Risk • Disclosure Changes • IFRS Updates • SME Changes • Potential Financial reporting for Micro Enterprises • The Future of Audit • Finding Qualified Skills • More Pressure CQS User Group 2008

  4. Now What • Closer to Clients • “Marketing”, Networking, Knowledge & Service • More Automation • SARS & e-fling • Ability to Manage the Business Dynamically • Faster, Quality Processes & Systems (CTO) • Partnerships • Continued Professional Development • More Efficient, More Productive, More Profitable CQS User Group 2008

  5. Agenda • Introduction • Managing your Practice • kzxj. . SARS E-Filing • Break • CaseWare Disclosure Changes • . • CaseWare What’s New • CaseWare Tips & Tricks CQS User Group 2008

  6. The CQS BackOffice Suite Practice Today

  7. Practice Today • Manage your Practice Single Screen • Revenue • Clients • Staff Productivity • Billing • How it works: Draws Information from the entire CQS Back Office Suite • Web enabled: Track your firm’s performance from anywhere

  8. CaseWare Time • Simple, all-inclusive practice management solution… • Client Database • Time & Expense recording • Work in Process • Billing • Debtors • Reporting & Analysis • Practice Management & Growth

  9. SecWare • Complete solution for statutory administration… • Clients’ Statutory Database • CM & CK Forms • Share Certificates & Correspondence • Registers • Reports • Integration & Billing • Statutory Management CQS User Group 2008

  10. CQS User Group 2008

  11. TaxWare • Complete tax administration solution… • Tax Database • Tax Administration • Tax Management • Caters for: • All Tax Payer Types • Tax Years & History • Provisional Returns, Extensions, Annual Returns, Assessments, Queries & Objections, • Correspondence • Bulk emailing of Provisional's • Manual & e-Filing Submission CQS User Group 2008

  12. TaxWare – e-filing CQS User Group 2008

  13. CQS User Group 2008

  14. CaseWare CQS User Group 2008

  15. CQS User Group 2008

  16. CaseWare CQS User Group 2008

  17. Disclosure Updates Standards or Interpretations • IAS 8 Para 28 to 30 • Always been in Template Notes • Historically the User was Required to Update • New Release • Updated Content • Applied Automation • Looks at File year end date • Compares to effective date (of standard or interpretation) • Compares standard Issue with Financial Statement Authorisation Date • CaseWare - categorise it, turn and sort, (user has the ability to overwrite) CQS User Group 2008

  18. Content Updates • Audit Report (Oct 2008) • SAAPS 3 • Probe • New Document: 10.52 Laws & regulations checklist & dialogue • Improved compliance based on Peer Review • SME Template • Notes & Accounting Policies changes • Investment in Subsidiaries, Associates, JV’s • Capital Risk Management Note CQS User Group 2008

  19. Financial Instrument Disclosure • Improved IFRS 7 Disclosure • Changes to Automation • Notes Effected CQS User Group 2008

  20. CaseWare • Import Version • Pastel 9.3.4 & V10 in November release • Importing General Ledger Detail • Delete Zero Balances • View GL , & Drill Down in Lead Schedules • Accounting Working Papers • Excel (Sampling & Analysing) • Ratio Analysis • Mapping • NETINC = Mapped to Net Income/loss for the period • Opening Balance Retained Earnings = Mapped to Retained Income • Mapping Inventory • Finding a Map Number – Ctrl F • Support Documentation/Correspondence • Outlook • Scanning • Other Documentation • Annotations • Annotation Tool Bar • Printing of Tickmark Legends CQS User Group 2008

  21. CaseWare • Export Journals • Security • Window s Authentication CQS User Group 2008

  22. Security – Windows Authentication CQS User Group 2008

  23. Security – Windows Authentication CQS User Group 2008

  24. Security – Windows Authentication CQS User Group 2008

  25. Security – Windows Authentication CQS User Group 2008

  26. Security – Windows Authentication CQS User Group 2008

  27. CaseWare • Export to PDF • Default Paths • Sign In/Out, Check In/Out • Firm Template / Roll Out • Document Library CQS User Group 2008

  28. CaseView • Purge of Probe Documents • Financial Statement Preparation Process • Firm Settings • Detailed Income Statement selections • Switch off Trading Name • Copying Between Client Files • Similar Sections Between File • Settings & Format • Loans to Disclosure as Finance Activities • Page Break / Keep Together • Inserting in Builder Mode • Consolidation • Divisions, Separate Trial Balance, Consolidate • Lockdown CQS User Group 2008

  29. What’s Next • CaseWare Working Papers Version • End November Template Updates • CaseWare Time SQL • Currently with Beta Clients • SARS e-filing • Currently Testing with SARS, should be ready for 2009 Feb Provisional's • Beta Testing, 3 months • Practice Today • Beta Testing, looking for additional CQS User Group 2008

  30. Thank You