LodgeiT user can modify text blocks, insert dynamic placeholders, rename and reorder statements. Everything will be automatically saved. Watch below video to learn more.

You can create your own Financial Report templates, modify it and use across all your clients.

The LodgeiT Financial Report Module is designed to streamline and automate the production of  Financial Reports and Statements.

Customise reports to suit your unique requirements. Dynamically add signatories for digital signing. Include graphics like your logo. 

Unlike other reporting systems, the LodgeiT Financial Report Module relies on a single import and classification exercise to populate working paperstax form, and financial statements


LodgeiT has 2 versions of Financial Reports:



2 Versions of Financial Report:

1. Basic Financial Reports (Free)

This is what we have before, you can continue using it for free and nothing has changed. Learn more from this GUIDE

2. Financial Reports with Notes (Advanced Feature)

This is a paid feature that provides you more flexibility to build your reports. You can create a report and play with it for free, but in order to Complete and Download it in PDF you will have to pay. Learn more from this GUIDE

Learn more about the pricing guide here 


In preparation of Financial report for each client, you may start by finding your client, then select "Custom Report"

Preparation of Partnership Financial Report

Preparation of Company Financial Report

Preparation of Trust Financial Report

Preparation of Sole Trader Financial Report


This video will show you how to modify a structure of financials on Financial Report. Add, rename, delete, drag & drop, collapse groups and line items to get a look you need. 

Additionally, you can duplicate your reports to keep changes for the next reporting period.



The video includes the following:

  • Adding Financial statement
  • Editing financial statements 
  • Modifying custom template
  • Re-arranging the pages
  • Duplicate and remove the template


Check this guides:  

Sign a compilation report

Managing Financial Report's - Compilation Report


Note: User can manipulate Financial Report: (ie, drag and drop)

- Exclude Title page

- Exclude Table of Contents

- Exclude Page numbers

- Remove report that irrelevant (see below image)

You may customize your report via "Print Options" (to tick/untick the relevant items)


The Agent may download the signed Financial Report here



SUMMARY REPORTS OF "Financial Report"

You can find the summary of all "Financial Report" reports via "Reports".

Filter is available via clicking clicking the desired option- 

Note: If you manage an edit or change via  "Relationship"/relationship module AFTER generating the report, delete the Financial Report  and start afresh.


FAQ:

Q: What is the difference between trading and trading?

A: Trading entity is any entity with trading revenue/sales, even sales of services. Sometimes you'll have an investment trust or similar that has no trading revenue, just some line items like interest received/dividend received. So if your entity has any trading revenue use trading financial statements. Financial Report is based on the Financials you will be importing. If it is a trading, then you have to map the income as trading revenue as well as the expenses. 


Related Guide:

Managing Financial Report -  Compilation Report

Practice Type for Tax Agent

Other Related Article:

About Financial Reports
Financial Report - E Signature
Branding and Logo
Template