Please see below what EFT reconciliation statements features we have:

1. The ability to subscribe/unsubscribe to EFT reconciliation statements.

2. LodgeiT has background job service that automatically pulls EFTR reports from ATO every hour. User can fetch it manually as well.

3. The ability to automatically receive email notification with pdf copy of EFTR statement inside every time when the new EFTR statement is fetched. The user can set multiple email notification recipients in settings or turn it off if he doesn't want to get it.

It provides visibility over the identity of refunds processed to your trust account.

Main EFTR statements page:

Settings page:

EFT reconciliation statement details page:

Note:

- EFTR is applicable for returns with REFUNDs only. This is where ATO will transfer the refund. 

- ATO will not take money out of an account. The payment MUST be manually facilitated by the owner of the account.


Related article:

Where to add Bank Detail / Electronic Funds Transfer (EFT)