If you need to adjust or delete items that appear in the reconciliation section of a tax return—such as removing a 'Superannuation payable' item or modifying amounts under other deductible expenses that were imported from QuickBooks Online—here is the recommended procedure:
Steps to Adjust Reconciliation Items
- You cannot directly edit or delete reconciliation data within LodgeiT if it was imported automatically from your accounting software (i.e QuickBooks Online).
- To make adjustments, edit the source data directly in your accounting software where the original financial records reside.
- After making the necessary corrections or deletions (for example, removing or adjusting a 'Superannuation payable' line), reimport the updated data into LodgeiT.
- The new import will replace the previous data in the reconciliation section, reflecting your changes accurately.
Important Notes
- LodgeiT’s reconciliation section is designed to reconcile accounting income and expenses to taxable income.
- Adjusting items at the source ensures the integrity and accuracy of the financial data and related tax forms.
- If manual adjustments are needed beyond what is possible in the accounting software, consider adding adjustment line items in LodgeiT’s income or expense tabs, which will flow through to the reconciliation automatically.
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