Lodgeit relies on an import and classification exercise to populate Working Papers, the Tax Form and Special Purpose Financial Statements.
Instead of the tax agent/user manually typing the P&L and Balance Sheet figures into the tax return, Lodgeit can connect to accounting software and import the financials.The accountant's job becomes primarily reviewing and adjusting, rather than re-keying every figure.
API Integration or connecting/import financial statements from QuickBooks, Xero, and MYOB Business (For Myob AccountRight Live, and Myob Essentials)
Extract and Import, Lodgeit offers a direct .XLS import, user should extract the Profil&Loss and Balance sheet for the following accounting software, then import to Lodgeit.
Select "Financials" tab and choose from the selection:
You can also generate an xml file that you can import to Lodgeit using:
Excel import - We provide a free excel template for annual, quarterly or monthly periods for client that are NOT using any accounting software. Learn more
Lodgeit Smart Excel Utility (LSU) - This is an excel plug-in that provides the ability to convert any excel report generated from your accounting software into a format that can easily consume by Lodgeit, Learn more