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Taxation & business updates from Power Tynan
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Welcome to our first review of industry specific software. This issue will look at online accounting software Phoenix Live, which is an industry focused platform for the agricultural sector.

What are the key features of Phoenix Live?
  • Automatic bank feeds (coming very soon with version 8)
  • Locally installed version available for purchase separately (for low quality internet areas)
  • High level security and data protection
  • Integrates with ePayDay payroll software
  • Power budgets
  • Livestock & Commodity trading accounts
  • Farm Gross Margin reports by season
  • Integrated agricultural production add-ons available for livestock, cropping and paddock management
What are the Pros and Cons of Phoenix Live?
Pros
  • Hosted in Australia
  • Suits farming enterprises
  • Offers the pro level functionality of the locally installed financial package
  • Allows the accountant, with their own copy of Phoenix Live, to be in the database at the same time as the client, who is on the entry level package
  • Fuel Tax Credit calculations
  • There is a locally installed version which can be easily migrated to the online version when the internet service in your area improves
Cons
  • Phoenix Live does require a good internet connection, and as such some satellite services may not be suitable
  • On a mobile device, Phoenix Live may be difficult to read, however mobile tools are currently being developed to address this issue
Who is Phoenix Live best suited to?
  • Livestock, cropping, horticulture and mixed farming businesses with quality internet reception
  • Those farming businesses looking for a fully integrated financial and production system
Pricing
  • The Bronze Package gives you a single module (either financial or production), a single database and as many users as you need, however only one user can log on at any one time - costs $49 per month
  • The Silver Package allows for two modules, three databases and as many users as you need, however only one user can log on at any one time - costs $59 per month
  • There is also a one-off setup fee of $198
For further information regarding Phoenix Live, please do not hesitate to contact our office.
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