This feature is a process to convert excel reports for Elite software into a format that can be easily consumed by LodgeiT, this will save time re-keying facts as well as provide a more accurate outcome.
First, download LodgeiT Smart Excel Utility (make sure to close any excel from your desktop machine)Extract the balance sheet to Excel format. Click HERE to download.
Once you have the exported file, Press the "LSU/LodgeiT" Tab and select "Elite"
*Tap the image to enlarge
You need to fill either ABN or TFN
Choose file location, it will be save as XML file. (You need to generate a separate XML for PL and BS)
BalanceSheet and Profitloss XML file are now ready for import in LodgeiT.
Make sure to drag or copy the file together for uploading.
If you need to make changes in the accounts, simply re-import after you've made those changes.
Once you've imported the files, navigate to and resolve any classification errors.
See attached sample financials