[2] Athene Systems Limited was founded in 1996 by Alan Wright and Paul Taylor, who realized the potential of the internet as a means of collaboration between accountants and their clients.
[3] Since 2004/05 the system has linked directly to the HM Revenue and Customs (HMRC) portal for online filing of PAYE and P11D,[4] as well as facilitating IR35 income and expense association with contracts and employees.
The visual treatment is similar to that found in the Windows environment, featuring a typical management snapshot, lists of outstanding sales and purchase invoices and the current bank balance.
[8] "Liberty supports the use of foreign currencies for invoices and customer statements (and can automatically calculate and post exchange rate gains and losses) and as well as having built-in stock control and payroll,[9] it is unusual in offering the tools required for P11D compliance (including section 336 claims)...It captures P11D-related information at a transaction level, pulls the figures together on screen and then produces an HMRC approved facsimile of the P11D form, for ‘one click’ electronic filing.
[5] According to David Harbron at the Fenchurch Group of commercial and residential property development companies: "When the UK VAT rate rose to 20% in the New Year, [I] knew that Liberty would immediately be updated to reflect the increase, and that the automatic invoices the Fenchurch Group had set up for its tenants would all go out with the correct VAT rate on.