Activate the business section

Answer the PSI Questions

Be sure to report Primary AND/OR Non Primary Business Income

Be sure to report the split. The split MUST reconcile with NET INCOME OR LOSS FROM BUSINESS

The video includes the following:

  • Generating financials from Excel templates
  • Importing financials into LodgeiT
  • Classifiying line items in the financials against the LodgeiT taxonomy
  • Creating the business schedule for a sole trader
  • Generating Special Purpose Financial Report

See attached spreadsheet example for Sole Trade Comparatives.

Click here to find out on how to edit Financial Statement Report.