Insolvency Management

Software

Insolvency Accounting

Insolvency Accounting is different.   You are the controller of the assets under your administration and you are personally liable for any business commitments and decisions you make.

There is a clear ‘line drawn in the sand’ between pre and post appointments accounts.   They are accounted for differently and the accounting is controlled by legislation and influenced by ASIC.

Insolvency Accounting is definitely different!

• Streamline receipts and payments processes
• Streamline your debtor collections
• Import pre-appointment accounts and balances quickly and efficiently without re-keying
• Distinguish between pre and post appointment accounts and automatically account for each properly
• Automatically account for secured creditors with fixed and floating charges
• Estimate the possible dividend to unsecured creditors at any time
• Account for all classes of creditor – ensuring that assets allocated to one class only (eg: GEERS, S588Y) are not accidentally used to pay dividends to another class of creditor
• Process small, simple administrations quickly and efficiently – yet have the power and flexibility necessary to cater for large and complex businesses