Article Details
Id:12354
Product:finPOWER Connect
Type:NEW
Version:2.02.02
Opened:08/10/2014
Closed:08/10/2014
Released:07/11/2014
Job: J014263

Deposits Add-On; added support for Australia

Support for Deposit Accounts has been added for Australia.

The New Company wizard will create the following Tax Categories:

NR, Non-Resident @ 10%
R, Resident @ 0%, non-disclosed TFN = 48.5%
RC, Resident Company @ 0%, non-disclosed ABN/TFN = 48.5%

Under the Process menu there are two Reports options that create files for the ATO:

Quarterly TFN/ TFN Report
Annual Investment Income Report (AIIR)

The following Built-in Summary pages have been updated:

"SummaryPage2_Account_Status" update to version 2.04 on 22/10/2014