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.