To start your journey, you have to sign-up and get started with configuring the option that suits you best - https://go.lodgeit.net.au/ (Save this URL as a favourite). Click here to use QBO Credentials to Sign-in.
To use LodgeiT effectively, we suggest you to follow our 'Getting Started' Steps as described below. A few minutes spent here will provide you with the foundations of using LodgeiT.
IN THIS ARTICLE
- Step 1. Nominate LodgeiT as your hosted SBR software service
- Step 2: Complete your organisation details
- Step 3: Add related entities
- Step 4: Define clients' relationship
- Step 5: Import financials
- Step 6: Create a new tax return
Step 1. Nominate LodgeiT as your hosted SBR software service
Connect LodgeiT to SBR - Click here for detailed instructions.
After connecting, please revisit Getting Started via the question mark at the top right of the LodgeiT interface.
Now you will notice that your SBR software service is connected (button in green checked)
Step 2: Complete your organisation details
You need to fill organisation details. These are the details for the organisation that holds the AUSkey. This is an important step. Failure to complete organisation details will result in form errors.
General Settings. (Practice type is used to select tax agent, BAS agent or Business. Tax & BAS agents MUST enter their agent number)
General People. Use this section to store contact details of bank managers and other relevant business contacts.
General Tax. Use this section to store the bank account (for ATO refunds) and company type details. For tax agents, adding your bank details here will allow you to default your bank details onto client forms.
General Depreciation. If you plan on using the LodgeiT Depreciation Module be sure to select the correct first date. i.e. if you are completing a return for 30 June 2017, Depreciation Date MUST be 1 July 2016. You can also select here, if you wish to apply SBE depreciation rules and use the General Pool.
Now your Organisation Details should be completed and the Getting Started workflow should shows as follows (button in green checked)
Step 3: Add related entities
Navigate back to Getting Started in order to work on Add related entities.
If you are a business completing a company, trust or partnership tax return, you should also add related entities i.e. directors, beneficiaries & partners.
To add a client, you can either hit the + or select Clients.
If you select Clients, you will be presented with the client management module where you can add or archive clients. (Deleting clients is not allowed in LodgeiT)
Note: Use "Client Grouping" to help you monitor your client (ie, family)
If you use + or Add, you will be presented with a simple signup panel. If your client already exists in QBO, you can simply import their details. If not, add the necessary information.
Select Sync client details with accounting system if you are using QBOA and want to have the client details in your own QBO customer details module in order to bill the client later.
Step 4: Define clients' relationship
Once you've added the client, we suggest that you immediately navigate to Settings > General, Settings > Contact Details and all other Settings tabs in relation to the client and complete the relevant details to avoid form errors.
To navigate, use the Navigator on the top left of the screen. We suggest to use predictive text i.e. simply type the name you are searching for.
Once you've added some clients from a family group i.e. husband & wife, you can move on to define client relationships. This is an important step if you wish for LodgeiT to auto-fill information from husband to wife or from trust to individual as an example.
In this example, we will create a relationship in a company.
Adding a director.
Step 5: Import financials
Once the relationship/s is/are established, you can import financials. (Note - you will need to add all relevant clients before you can define relationships.). Click here to read in details - import financials
Import financials is relevant to auto-produce company, trust, partnership & Individual tax returns, special purpose financial reports and working papers.
For all other source software import from accounts crafted in Excel, be sure to learn about LodgeiT Smart Excel Utility here.
After establishing connection with your source accounting system (from below example using QBO) , select the financial year that you want to import. If you are importing dynamically, the comparative year will import too.
You can easily make changes in the source accounting system and then re-import/refresh.
Be sure to check the mapping of the imported financials via "Settings > Accounts" .
Note: Two places to select accounts. One on the "Settings" menu and one on the "Financials" screen.
Mappings must be as low as possible in the LodgeiT Chart of Accounts. i.e. Current Assets --> Cash & Cash Equivalents ---> Bank Accounts. Make sure there are no red triangles by fixing any mappings that are not to the bottom level and by checking all other mappings.
Step 6: Create a new tax return
Click here for a detailed instruction - create a tax return.
Simply select Forms.
Then select the type of form you wish to create.
For instructions on working with any specific tax form or other LodgeiT tool such as SPFR, Working Papers and calculators. Please review our major help topics here.