Lodged 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 SPFR templates, modify it and use across all your clients.

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

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

Preparation of Partnership SPFR

Preparation of Company SPFR

Preparation of Trust SPFR

Preparation of Sole Trader SPFR


This video will show you how to modify a structure of financials on SPFR. 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 SPFR's Compilation Report


Note: User can manipulate SPFR's: (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 SPFR "Print Options" (to tick/untick the relevant items)



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

SUMMARY REPORTS OF SPFR

You can find the summary of all SPFR 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 SPFR, delete the SPFR 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. SPFR 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 SPFR's Compilation Report

Practice Type for Tax Agent