CQS User Group 2008

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

• 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

The CQS BackOffice Suite

Time

TaxWareSecWare

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

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

•Single & Bulk•Upload to e-filing

Registrations

•Upload Provisions issued by SARS•Submit to SARS•Bulk e-mailing of IRP6’s to Clients

Provisional Tax

CQS User Group 2008

CQS User Group 2008

CaseWare

CQS User Group 2008

CQS User Group 2008

CaseWare

CQS User Group 2008

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

• Loans to (from ) group companies• Loans to (from) shareholders • Loans to (from) members • Loans to (from) owners • Loans to (from) body corporate• Loans to (from) beneficiaries •Other financial assets • Financial assets by category• Derivative financial instruments and

hedging information

•Transferred financial assets which did not qualify for derecognition (New Note)•Loans to directors, managers and

employees •Trade and other receivables •Cash and cash equivalents •Fair value adjustment assets-available-

for-sale reserve•Compound instruments•Other financial liabilities•Trade and other payables•Financial liabilities by category•Operating profit•Fair value adjustments•Finance cost•Risk Management

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

Thank You