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CQS User Group 2008. 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.
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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
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
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
Agenda • Introduction • Managing your Practice • kzxj. . SARS E-Filing • Break • CaseWare Disclosure Changes • . • CaseWare What’s New • CaseWare Tips & Tricks CQS User Group 2008
The CQS BackOffice Suite Practice Today
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
CaseWare Time • Simple, all-inclusive practice management solution… • Client Database • Time & Expense recording • Work in Process • Billing • Debtors • Reporting & Analysis • Practice Management & Growth
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
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
TaxWare – e-filing CQS User Group 2008
CaseWare CQS User Group 2008
CaseWare CQS User Group 2008
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
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
Financial Instrument Disclosure • Improved IFRS 7 Disclosure • Changes to Automation • Notes Effected CQS User Group 2008
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
CaseWare • Export Journals • Security • Window s Authentication CQS User Group 2008
Security – Windows Authentication CQS User Group 2008
Security – Windows Authentication CQS User Group 2008
Security – Windows Authentication CQS User Group 2008
Security – Windows Authentication CQS User Group 2008
Security – Windows Authentication CQS User Group 2008
CaseWare • Export to PDF • Default Paths • Sign In/Out, Check In/Out • Firm Template / Roll Out • Document Library CQS User Group 2008
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
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