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LodgeiT

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  • What's New
    • What's New
      • LodgeiT Christmas 2021 update
      • September 2021 Updates and Future developments
      • LodgeiT 2021 State of the Union
      • June 2021
      • March 2021: Xero re-integration
      • December 2020
      • June 2020
      • June 2019
      • June 2020 - Tax Form Changes
      • May 2020
      • March 2020
      • Get your free annual LodgeiT subscription from QuickBooks
      • November 2019
      • April 2019
      • December 2018
      • October 2018
      • September 2018
      • August 2018
      • April 2018
      • June 2018
  • User Guide
    • Recent Q & A
      • FAQ: SBR Partner
      • Q&A: Prior Year Tax Returns / Old Forms
      • FAQ: Lodgment confirmation
      • FAQ: Team member access
      • FAQ: No Accounting Software
      • FAQ: Adding Multiple Companies (Non Tax Agent)
      • FAQ: How do I enter multiple trust distribution capital gain amounts in an individual ITR?
      • Q&A: No accounting Software, how to start a form (MyGov Reports)
      • Q&A: Lodgement/audit history for lodged returns
      • Q&A: ATO Reports
      • FAQ: How to adjust items in reconciliation section
      • Q&A: Carried Forward Losses
      • Q&A: CU Form
      • FAQ: Delete Occupation Code
      • Q&A: Item 30 - PSI question missing for Trust Tax Return 2018
      • FAQ: OSX Experience
      • FAQ: Taxpayer appointment of tax agent
      • Q&A: Where to trigger small business income tax offset?
      • Q&A: Profit distributions showing as expenses
      • FAQ: Billing Process and Lodgement
      • FAQ:Prefill View
      • Q&A: Import data from Reckon One Hosted to LodgeiT
      • Q&A: Carry Forward Losses
      • Q&A: Income Stream Payment S2 (SMSFAR)
      • Q&A: Trust - dividend imputed credit validation
      • Q&A: Adjusted Taxable Income
      • Q&A: How do you add in PAYG Tax Witholding to a BAS/Activity Statement?
      • Q&A: Profit Allocation
      • Q&A: International Address / Overseas Post code
      • Q&A: Working paper -Ledger
      • Q&A: Separate business schedule / multiple business activities
      • Q&A: Share of Franking Credits / How to input dividend imputation credits on a trust distribution
      • Q&A: Income Averaging for Primary Production
      • Q&A: Company not showing trust franking credit from distribution
      • Q&A: Jobkeeper
      • Colors of Error and Warning
      • Australian resident and Non resident
      • "Taxable income" and "Amount payable"
      • Subordinated Debt
      • Customise Financial line items
      • Capital Gain tax (CGT) schedule - Main residence exemption - ITR
      • Net PL NOT showing as taxable income
      • Status of SMSF (tax on taxable income)
      • "Owned, or had interest in, assets located outside Australia with total value of AUD $50,000 or more"
      • Superannuation Income Stream
      • Employee share schemes / Transferred total supplement income or loss
      • Retained earnings to distribute to beneficiaries
      • Round off (nearest integer)
      • Lodge tax return without ABN
      • TFN is a must to lodge CTR
      • Medicare Calculation (Visa 417 and 482)
      • Not for Profit Form
      • Non Current Assets as Plant & Equipment
      • Multiple Rental Property
      • ETP and Lumpsum
      • How to Lodge Final Tax Return
      • TFN issue
      • Super Payable Deduction
      • Medicare Levy not available
      • HECS
      • How to add extra branch code for the same company?
      • Sole trader business schedule - Personal Service Deduction
      • End of Year process
      • Repayment Income
      • Rentals 50% owned
      • Compare to Prior Year Figures
      • How to import excel for Primary Business
      • SPFR - "Statement of Financial Position" Net Assets and Total Equity Issue
      • Motor Vehicle "Expense" Calculation Method
      • No First Name / Given Name
      • How to make team member as "CC" to esign request?
    • Sign-up Process
      • Learn LodgeiT via GotoWebinar
      • LodgeiT Overview Process
      • Getting Started for Tax Agents
      • Getting Started for Bookkeepers
      • Getting Started for Business Owners
      • Tax Agent Demo 2021
    • Account and Security
      • Account
      • To use QBO (QuickBooks) Credentials to Sign-in to LodgeiT
      • Turn on 2-step authentication via Authenticator app
      • Feedback
      • Organisation Log
      • Electronic Fund Transfer (EFT) Report
      • How to Invite Team Members and Restrict Team Access
      • Switch Accounting Software
      • 2FA 30days
      • How to check SBR Outage
      • Managing Lastpass extension issue
      • How to change LodgeiT account email address
      • How to change LodgeiT account password
      • LodgeiT's Security, Compliance, and Storage
      • Turn-off browser's auto complete function
    • QBOA User
      • QBO user - Sign in to LodgeiT
      • Migrate and Sync Clients from Quickbooks and from Other Accounting System in a Single Account in LodgeiT
      • "Sorry, there was a problem!"
      • How to Connect Accounting System to LodgeiT (QBO)
      • Sync client details with accounting system
      • QBO Clients duplicate after import (how to re-sync)
      • Use QBO credentials to register in LodgeiT
      • Contact Details Mapping (LodgeiT > QBO)
      • Client Sync (QBO from/to LodgeiT)
      • LodgeiT to QBOA > Sync > Individual with and without Business Name
      • Team Member Cannot link QBO client
    • E-signature and Manual signing controls
      • Signing Documents Electronically Under Corporations Act 2001
      • E-signature Template
      • Out To Sign: Manual Signature
      • Out To Sign: Using E-Signature
      • E-Sign Notifications
      • E-sign status card
      • E-sign Reminder
      • How to change e-sign signatory?
      • E-Signature for SPFR
      • How to get signed copy of the client tax return with e-signature?
    • General Form Settings and Controls
      • Dashboard - Work status filter and sort (team, form, period, client group)
      • Form Workflow Sequence and E-signature
      • How to see Lodged Form / Lodgement Receipt
      • How to Create a Tax Form
      • How to Amend a Tax Form
      • Activate Financial Picture
      • Part Year Spouse
      • Add Spouse
      • Deactivate Spouse
      • Audit Trail and Document History
      • How to Delete a Form
      • How to reverse form to "Draft" status again?
      • How to Modify Due Date on Form
      • How to prevent other team members for viewing a form
      • How to Print/Download the Form
      • How to Suspend a Form
      • Validating Errors
      • Medicare Levy Surcharge
      • How to "mark form as lodged"
      • How to see the Prefill button
      • Substituted Accounting Period (SAP)
      • How to tag "Relationship" (not a client)
      • Outcome of Assessment (OoA)
      • ATO Status
      • International Mobile Number
      • How to Export List of Tax Forms
    • General Settings
      • Intermediary VS. Business
      • Gear Wheel
      • Client Defaults
      • Use tax agent as contact on all tax forms (Client Defaults)
      • Human Icon
      • Business Owner to Lodge for Multiple entities
      • Switch Organisation - Lodge for Multiple Entities (Franchisee)
      • Client Export (CSV or Excel)
      • Client Details Card
      • Client settings
      • Complete your Organisation Details
      • Add related entities / Adding Client
      • Define Client Relationship
      • Archive or Delete Client
      • Address Option - Tax Agent or Client
      • Additional Email Address
      • Fast Navigation - Forms (Keyboard)
      • Invite LodgeiT Team (for Error / Issues)
      • Lodgement List & Dates
      • Client List and Client Groups
      • Managing Client
      • Settings - Contact Details
      • How search a client?
      • Settings - Manage Access
      • Settings - General
      • Profile - LodgeiT User/Firm
      • Settings - People
      • Settings - Tax
      • Fixing Date Display Issue in Google Chrome
      • How to change the language settings on your Google chrome browser
      • Pre-lodge in Background
      • Rollover
      • How to see Lodged forms
      • Knowledge base
      • Where to add Bank Detail / Fee from Refund / Electronic Funds Transfer (EFT)
      • Form Types
      • Settings (User/Firm)
      • Authentication Method for E-signature (Client Defaults)
    • Tax Systems Conversion Guide
      • Client Migration Process
      • Direct Client Import / Migration
      • Pattern for Client Import (optional)
      • Extract and Import Client list from Xero
      • Extract and Import Client list from Handisoft/Handitax
      • Extract and Import Client list from Software Assistant-Thomson Reuters
      • Extract and Import Client list from Reckon Elite
      • Extract and Import Client list from MYOB AO
      • Extract and Import Client list from MYOB AE (Accountants Enterprise)
      • Client groups bulk import (existing client)
  • Practice Settings
    • ATO Online Services
      • Connect LodgeiT to ATO
      • How to Secure MyGov ID
      • Can a MyGov ID be Proof of Signing?
      • How to Refresh "Lodged-Error" Form (ATO status) / CMN.ATO.AUTH.001
    • Tax Agent
      • Practice Type for Tax Agent
      • Entity Type / Practice Type as Company (Tax agent)
      • Changing Bank Details (Tax Agent)
      • Taxpayer appointment of tax agent
      • Lodgement Declaration Requirement
      • Switch Tax Agent
      • TFN Security
    • Branding
      • Brand Setting and Logo
    • Email Settings
      • About Email Settings
      • Troubleshooting Sending Client Emails
  • Billing and Payments
    • General LodgeiT Pricing
      • Billing page
      • Pricing
      • Buying Lodgements (Business Owner / Individual)
      • How to see LodgeiT payment and invoice
      • How to renew a LodgeiT subscription plan (Tax Agent)
      • How to change a LodgeiT subscription plan (Tax Agent)
      • How to cancel LodgeiT subscription plan (Tax Agent)
      • Package Subscription (BAS/Bookkeeper)
      • Package Subscription for Tax Agent
    • Pricing for Franchisees
      • About Franchisee Licences
      • Buying and Assigning Licences
    • Pricing for BGL
      • Buying lodgement for SMSF
    • QBO credits
      • How to redeem LodgeiT through the Intuit ProAdvisor Program
  • Tax Forms
    • Tax Form Checklist
      • Pre June Checklist for Individual Tax Return (ITR)
      • Pre June Checklist for Company, Partnership, and Trust Tax Return
      • Year End Checklist for Individual Tax Return (ITR)
      • Year End Checklist for Partnership Tax Return (PTR)
      • Year End Checklist for Company Tax Return (CTR)
      • Year End Checklist for Trust Tax Return (TTR)
    • Individual Tax Return
      • Preparation of an Individual Tax Return (ITR)
      • Activate "Individual Tax Return" Reporting Module
      • Adding bank details into an Individual Tax Form (ITR)
      • Adding "Dividends" manually for Individual Tax Returns (ITR)
      • Activate "Capital Gains" for Individual Tax Return (ITR)
      • Entering "Capital Gain Tax" manually for for Individual Tax Return (ITR)
      • "Capital Gains" in Individual Tax Return (ITR)
      • Capital Gains - Multiple Trust Distributions of Individual Tax Return (ITR)
      • Depreciation Summary for Individual Tax Return Form (ITR)
      • Capital Allowance Recoupment
      • Description of Main Business for Individual Tax Return (ITR)
      • Car Expense for Business - Individual Tax Return (ITR)
      • Validating Work Expenses for Individual Tax Return (ITR)
      • Spreadsheet Example - Sole Trade Comparatives
      • Where to Enter Fringe Benefit into Individual Tax Return (ITR)
      • Foreign Source Income - Individual Tax Return (ITR)
      • Personal Superannuation Deductions in Individual Tax Return (ITR
      • Applying PRIOR YEAR LOSS - Individual Tax Return (ITR)
      • Individual Tax Return (ITR) with Partnership (with $20K loss assessable income)
      • Non-Australian Resident with Interest income - Individual Tax Return (ITR)
      • Partnership Losses - Individual Tax Return (ITR)
      • Part Year Tax Free Threshold - Individual Tax Return (ITR)
      • Private Health Codes - Individual Tax Return (ITR)
      • Business & PSI Income - Individual Tax Return (ITR)
      • Completing the Business Section of Individual Tax Return (ITR)
      • PSI - Item 14 - Individual Tax Return (ITR)
      • Non Deductible expenses - PSI
      • To Record Partnership Deferred Losses - Individual Tax Return (ITR)
      • Rental Property Split - Individual Tax Return (ITR)
      • Rental Schedule from Quickbooks - Individual Tax Return (ITR)
      • How to Report Holiday Makers Wages in Individual Tax Return (ITR)
      • How to Report Working Holiday Visa - Individual Tax Return (ITR)
      • How to Revert from Short Refund Return - Individual Tax Return (ITR)
      • How to show estimated PAYG Instalments on ITR (Individual Tax Return) Estimate
      • Sole Trader with 2 Businesses - One Profitable and One Deferred Losses in Individual Tax Return (ITR)
      • Trust Capital Gains in Individual Tax Return (ITR)
      • How to use Deferred Business Losses (Carried forward Loss) in Individual Tax Return (ITR)
      • Income Averaging in Individual Tax Return (ITR) - Non Primary
      • HELP Debt - Individual Tax Return (ITR)
      • Non Resident Foreign Income (NRFI) Schedule - Individual Tax Return (ITR)
      • Foreign Income - Individual Tax Return (ITR)
      • Senior tax Offset (SAPTO) for Individual Tax Return (ITR)
      • Managed Fund -Individual Tax Return (ITR)
      • Calculating off-set for private health insurance rebate non resident Individual Tax Return (ITR)
      • Lumpsum E-payment received in Individual Tax Return (ITR)
      • How to revert accrual reports to cash for Individual Tax Return (ITR)
      • Button: Assessable government industry payments in Individual Tax Return (ITR)
      • Handling CashFlow Boost reporting in an Individual Tax Return
      • How to Record Jobkeeper in an Individual Tax Return (ITR)
      • Government Super Co-Contribution
      • Small business tax offset for Individual Tax Return (ITR)
      • How to Access Livestock Calculator in the Individual Tax Return (ITR)
      • How to add employment termination payments
      • Income Averaging Primary Producer (Rebate)
      • D11 - Deductible amount of UPP Foreign Pension or Annuity
      • Superannuation Income Stream
      • Auto fill contact details in Individual Tax Form (ITR)
      • Notice of Assessment (NOA) in Individual Tax Return (ITR)
      • Depreciation on Business Income
      • Personal Concessional deductions (ITR > D12)
      • Unfranked Dividend with no TFN withholding for Non resident
      • Country of Residence
      • NRAS (Share of National Rental Affordability Scheme Tax Offset)
      • Low Income Tax offset- Individual Tax Return (ITR)
      • Child Care Payment
      • Incorrect tax Calculation (Special Professional Income)
      • Interest on loans for shared owner
      • Dividend difference (Taxable and Accounting Facts)
      • Adjusted Taxable Income (ATI) and Net Rental Property Loss calculation
      • How Lumpsum tax offset calculated?
      • Income Average for a Sports Person
      • CMN.ATO.IITR.000263 / CMN.ATO.IITR.302101
      • Low Family Income / Repayment Threshold for HECS
      • Where is Adjusted Taxable Income (ATI) is coming from?
      • How to find "deferred losses amount"/Deferred Losses related to Partnership
      • Why the prefill is going into PSI not to "other labour income"?
      • Student Loan Repayment (SFSS loan)
      • Deductions for Managed Fund
    • Company Tax Return
      • Preparation of Company Tax Return
      • How to revert accrual reports to cash for Company Tax Return (CTR)
      • Understanding the Reconciliation Section - Company Tax Return (CTR)
      • Understanding Reconciliation for Small Business Entity (SBE)
      • Reporting Dividend Income received into a Company Tax Return (CTR)
      • Reporting Capital Gains into a Company Tax Return (CTR)
      • Reporting Interest Income received into a Company Tax Return (CTR)
      • Reporting Partnership Income received into a Company Tax Return (C
      • Reporting Trust Income received into a Company Tax Return (CT
      • How to Configure Settings for a Company
      • Depreciation Summary for Company Tax Return Form (CTR)
      • Reporting Partnership, Interest, Trust & Dividend Income for Company
      • Activate "Company Tax Return (CTR) " Reporting Module
      • Capital Gains in Company Tax Return (CTR)
      • Losses - Company Tax Return (CTR)
      • Company Losses (Carried Forward Loss) in Company Tax Return (CTR)
      • Applying PRIOR YEAR LOSS in Company Tax Return (CTR)
      • Foreign income tax offset in Company Tax Return (CTR)
      • Foreign Source Income -Company Tax Return (CTR)
      • Reporting Trust Income - Company Tax Return (CTR)
      • Depreciation (10A - Deduction for Certain Assets) for Company
      • Handling CashFlow Boost reporting in a Company (CTR)
      • International Dealing Schedule for Company Tax Return (CTR)
      • Reportable Tax Position Company Tax Return (CTR
      • How to Record Jobkeeper in a Company Tax Return (CTR)
      • How to Access Livestock Calculator in the Company Tax Return (CTR)
      • Total Debt (item J) in Company Tax Return (CTR)
      • Franking account balance or transaction listing
      • How to Allocate Trust distribution as Trust
    • Partnership Tax Return
      • Preparation of Partnership Tax Return (PTR)
      • Activate "Partnership Tax Return" Reporting Module
      • Small business Tax Offset -Partnership Tax Return (PTR)
      • Understanding the Reconciliation Section - Partnership Tax Return (PTR)
      • Reporting Partnership, Interest & Dividend Income, Trusts and Rentals For Partnership (PTR)
      • Spreadsheet Example - Partnership Comparatives
      • How to Use Tags in accounts with other expense categories in - Partnership Tax Return (PTR)
      • How to Use Tags in accounts with other Income categories in - Partnership Tax Return (PTR)
      • How to revert accrual reports to cash for Partnership Tax Return (PTR)
      • Handling CashFlow Boost reporting in a Partnership (PTR)
      • How to Record Jobkeeper in a Partnership Tax Return (PTR)
      • How to Access Livestock Calculator in the Partnership Tax Return (PTR)
    • Trust Tax Return
      • Preparation of Trust Tax Return (TRT Form)
      • Video of the Trust Tax Form (TRT) Filling Process
      • Spreadsheet Example - Trust Comparatives
      • Activate Reporting Module for Trust Tax Return form (TRT)
      • Net Trust Income Must Equal Distributed Income - Trust Tax Return Form (TRT)
      • Notice to sent - Trust Tax Return (TRT Form)
      • Trust Tax Return (TRT) - Applying PRIOR YEAR LOSS
      • Understanding the Reconciliation Section in Trust Tax Form (TRT)
      • Reporting Partnership, Interest & Dividend Income, Capital Gains and Rentals For Trust Tax Form (TRT)
      • Trust Tax Return (TRT) loss distribution
      • How to Use Tags in accounts with other Income categories in Trust Tax Return (TRT)
      • How to Use Tags in accounts with other expense categories in Trust Tax Return (TTR Form)
      • Deceased Estate - Trust Tax Return (TRT Form)
      • Error: The A - Income of the trust estate field is required in Trust Tax Return Form (TRT)
      • How to revert accrual reports to cash for Trust Tax Return (TRT)
      • Handling CashFlow Boost reporting in a Trust (TRT)
      • How to Record Jobkeeper in a Trust Tax Return (TRT)
      • How to claim refund for a trust account?
      • Trust loss & TFN withheld credit
      • How to Access Livestock Calculator in the Trust Tax Return (TRT)
      • Rental Income NOT for Business
      • Q&A: Trust Distribution to beneficiaries
      • Net income of Trust to beneficiaries
      • Non-Primary Income Amount
      • Foreign income from Trust to Individual
      • Trust without an ABN
      • Trust Losses (Carried Forward Loss) in Trust Tax Return (TRT)
    • Superannuation Fund Tax Return
      • Preparation of Self Managed Superannuation Fund (SMSF)
      • How to Prepare Accounts for Superannuation Funds to Import to LodgeiT
      • Activate Relevant Sections of Self Managed Superannuation Fund Form (SMSF)
      • Import Self Managed Superannuation Fund (SMSFAR) from Mclowd to LodgeiT
      • Importing BGL anForms - Self Managed Superannuation Fund (SMSF)
      • Calculation Engine for Retirement - Self Managed Superannuation Fund (SMSF)
      • Capital Gains in Self Managed Superannuation Fund (SMSF) Tax Return
      • Exempt current pension income - Self Managed Superannuation Fund (SMSF)
      • How to get the credits back - Self Managed Superannuation Fund (SMSF)
      • Self Managed Superannuation Fund (SMSF) : Message - Incorrect PDF Format
      • Self Managed Superannuation Fund (SMSFAR) - Applying PRIOR YEAR LOSS
      • Self Managed Superannuation Fund (SMSFAR) - Carried Forward Loss
      • Self Managed Superannuation Fund (SMSFAR) : Clearing Errors and Validating Form
      • SMSF Member Statement (entering Opening Balance of a Member)
      • Work around for removing section G in BGL PDF return
      • Methods for creating SMSF accounts
      • Depreciation for Self Managed Superannuation Fund (SMSF)
      • Mclowd import error
      • Non-Concessional Contribution Income (SMSF)
      • T2 Tax Offset
      • Superannuation Pension Forecaster
  • Other Forms
    • Activity Statement
      • Preparation of Activity Statement (AS)
      • Manage Activity Statement (AS)
      • Switch-Off Auto Produce Activity Statement (AS)
      • Pull new Activity Statement (AS)
      • Activity Statement (AS) preloaded from ATO
      • How to Amend an Activity Statement (AS)
      • Bulk Import of Activity Statement / Installment Activity Statement (AS/IAS)
      • Collecting and Filling Activity Statements (AS) from the ATO Systems
      • Collecting Activity Statement (AS) - not showing in LodgeiT
      • Importing Activity Statements (AS) lodged indirectly
      • Access to Activity Statements Not Available
      • Cash Flow Boost - Activity Statement (AS)
      • How to "marked form as lodged" for BAS?
      • How to amend BAS details imported from QBO?
      • NIL BAS
    • PAYG Payment Summary Tax Return
      • Preparation of PAYG Payment summary (PS)
      • How to Import Empdupe to Payment Summary Form (PS)
    • TPAR Tax Return Form (Taxable Payments Annual Report)
      • Preparation of Taxable Payments Annual Report Form (TPAR)
      • How to Import Excel Template to Taxable Payments Annual Report (TPAR)
      • OLD Taxable Payments Annual Report Preparation (TPAR)
      • How to Lodge NIL TPAR?
      • How to import TPAR from QBO?
    • CGNFT ( Consolidated Groups Notification of Formation and Member Entrance-Exit )
      • Preparation of Consolidated Groups Notification of Formation and Member Entrance/Exit Form (CGNFT)
    • FBT Tax Return Form (Fringe Benefit Tax)
      • Preparation of Fringe Benefit Tax Return Form (FBT)
    • FTER ( Family Trust Election
      • Preparation of Family Trust Election, Revocation or Variation Form (FTER)
    • IEE ( Interposed Entity Election and or Revocation )
      • Preparation of Interposed entity election and or revocation form (IEE
    • RNN Tax Return Form ( Return Further Returns Not Necessary)
      • Preparation of Return/Further Not Necessary (RNN)
    • TFND Tax Return Form ( Tax File Number Declaration)
      • Preparation of Tax File Declaration form (TFND)
  • Integrations
    • Integration (API) General Settings
      • Settings - Import
      • API General Settings- Importing Financials
      • Removing Imported Financials
      • Manage Connection: How to remove accounting software
      • How to refresh/re-import financials
    • QuickBooks Online (QBO)
      • QBO Integration Instructions
      • Importing BAS from QuickBooks Online
    • Xero
      • About Xero integration
      • Sign in with Xero
      • Sign up with Xero
      • Connect to Xero
      • Continue with existing Xero organisation
      • Importing financials - Xero
      • Manage connections (Xero)
      • FAQ (Xero)
    • MYOB AccountRight Live
      • Myob Accountright Live Integration
      • Error: Something went wrong while importing financials from MYOB AccountRight Live
      • Issue: Myob API Import - figures are incorrect
      • Financial import from Myob AccountRight - Issue with Retained Earnings
  • Importing Financials and Business Activity Statement (BAS)
    • General
      • What is a Financial "Import"?
      • General - Importing Financials
      • Financial Reports (comparative excel sheet example)
    • LodgeiT Smart Excel Utility
      • LodgeiT Smart Excel Utility
      • Generate LodgeiT Import Files from Any Accounting System
      • Unable to see "LodgeiT/LSU" tab in spreadsheet (LodgeiT Smart Excel Utility)
      • LSU Issue: The System Cannot find the File Specified
      • Client Code for LodgeiT Smart Excel Utility
      • Link to Install the Smart Excel Utility
      • Installation for Add-in issue : LodgeiT Smart Excel Utility
    • Excel
      • Importing Financials from Excel
    • QBO
      • Import BAS Values from QBO
      • QBO BAS Output different to LodgeiT BAS Value
      • Extract & Transform QuickBooks Online Balance Sheet Report
      • Extract & Transform QuickBooks Online Profit and Loss Report
      • Importing Financial Statements from Quickbooks (QBO)
    • Reckon
      • Importing Financials from QuickBooks/Reckon Accounts Desktop
      • Importing Financials from Reckon One
    • Elite
      • Direct excel import of financials for Elite
    • Software Assistant
      • Importing financials from Software Assistant
    • MYOB Essentials / MYOB Business Lite
      • Transform Report and MYOB Essentials using LodgeiT Smart Excel Utility
      • Extract & Transform MYOB Essentials Balance Sheet Report (MYOB Business lite)
      • Extract & Transform MYOB Essentials Profit and Loss Report (MYOB Business lite)
    • MYOB Account Right - Desktop version
      • MYOB AccountRight (Desktop version)
    • MYOB Accounting Classic
      • MYOB Desktop Legacy (v13 to 19) - MYOB Accounting Classic
    • MYOB - Accounting Legacy (using LSU)
      • Extract & Transform MYOB Accounting Legacy Balance Sheet Report
      • Extract & Transform MYOB Accounting Legacy Profit and Loss Report
    • MYOB - Tax and Contacts (using LSU)
      • Extract & Transform MYOB Tax & Contacts Balance Sheet Report
      • Extract & Transform MYOB Tax & Contacts Profit and Loss Report
    • Other Software Providers
      • Extract & Transform HandiLedger Balance Sheet Report
      • Extract & Transform Handiledger Profit Loss
      • Extract & Transform Mas Sol6 Balance Sheet Report
      • Extract & Transform Mas Sol6 Profit and Loss Report
      • Extract & Transform Tally Balance Sheet Report
      • Extract & Transform Tally Profit and Loss Report
  • General Accounting & Tax Knowledge
    • General Tax Knowledge
      • Accounting and Tax Facts for Dividends
      • Losses
      • Simpler Depreciation for Small Businesses
      • Minutes of Trustee Resolution
      • Cash vs Accrual Reporting in Tax Forms
      • Flow-through of Dividends from Company via Trust to Human Beneficiary
      • Flow-through of Dividends from Company via Trust to Company Beneficiary
      • Loss carry-back rules
      • Loss carry back tax offset calculation
      • Loss carry-back for companies
      • Loss carry-back offset (eligibility requirements)
      • Declining tax rates
      • Carry back rebate / CMN.ATO.CTR.W00009
      • Not eligible for tax offset
      • Chart of Account for Not for Profit Organisation (NFP)
      • Tax Offset not equal to Tax Liability
    • Effective Accounting Techniques
      • Preparing Accounts for LodgeiT
      • Understanding Accounting Reports
      • Cash vs. Accrual Accounting
      • How to Ensure Accounts are Accurate
      • Accounting Depreciation Different to Tax Depreciation for SBE Company
      • Handling Dividend Reporting
      • Trust Beneficiary Loans in QuickBooks
      • How to account for Sole Trader Equity
      • Accounting for Livestock Activity
      • Options for Partnership Equity Accounting
      • Options for Trust Beneficiary Loan Accounting
    • Basic Accounting Literacy
      • Basic Accounting Literacy
    • Special Purpose Financial Reports
      • The LodgeiT Approach to Preparing Special Purpose Financial Reports (SPFR)
      • Managing Special Purpose Financial Statement (SPFR) Templates
      • Branding Settings and Logo (Emails and Special Purpose Financial Statements-SPFR)
      • Cash vs. Accrual Reporting in Special Purpose Financial Reports (SPFR)
      • Special Purpose Financial Statements (SPFR) and E-Signature
      • Preparing Special Purpose Financial Reports (SPFR) for a Company
      • Preparing Special Purpose Financial Reports (SPFR) for a Trust
      • Working with Trusts
      • Preparing Special Purpose Financial Reports (SPFR) for Superannuation Fund (SMSF)
      • Preparing Special Purpose Financial Reports (SPFR) for Sole Trader
      • Preparing Special Purpose Financial Reports (SPFR) for a Partnership
      • Special Purpose Financial Statements (SPFR) Comparison Period
      • Demonstrating Producing Company SPFR via QBO
      • Print option for Special Purpose Financial Reports (SPFR)
      • How to distribute "Partners Profit Distribution Summary" in Partnership SPFR
      • How to distribute/allocate profit to beneficiary in Trust SPFR
      • How to distribute "Members Profit Distribution Summary" in Superannuation Fund (SMSF) SPFR
      • Video of the Trust SPFR Generation Process
      • Batch "Publishing" of Special Purpose Financial Report (SPFR)
      • Switching Line Items
      • Switching Account Sectors
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Solution home Tax Forms Individual Tax Return

How to revert accrual reports to cash for Individual Tax Return (ITR)

Modified on: Thu, 13 Aug, 2020 at 2:23 PM

You may import accrual-based accounts and convert them to cash basis.


Adjust out current year accounts receivable &/or payable. via  "Business" > "Net Income in ITR form


Reconcile via "Reconciliation items" section



Related article:

Using LodgeiT Smart Excel Utility to Create Financial Reports for a Sole Trader

Spreadsheet Example - Sole Trade Comparatives

Cash vs Accrual Reporting in Tax Forms

GST Reconciliation - Cash GST reporting and Accrual accounting

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