- FY 2020 - period for 1 July 2019 to 30 June 2020
- FY 2021 - period for 1 July 2020 to 30 June 2021
- FY 2022 - period for 1 July 2021 to 30 June 2022
- FY 2023 - period for 1 July 2022 to 30 June 2023
- FY 2024 - period for 1 July 2023 to 30 June 2024
- FY 2025 - period for 1 July 2024 to 30 June 2025
**ie, 1 July 2023 to 31 December 2024 is inside the scope of FY2024, form should be 2024.
** If the financials are for the period January to December 2023, the relevant tax form year to use is the 2023–24 tax year. This is because the Australian tax year runs from 1 July to 30 June. Any income earned during the calendar year 2023 (January to December) falls within the 2023–24 tax year, which covers the period from 1 July 2023 to 30 June 2024.
You should ensure that all income, deductions, and other relevant financial details for the calendar year 2023 are reported in the 2023–24 tax return.
TAX FORMS
LodgeiT support autofill SAP and future-year tax returns from financials. The period can be changed on a tax return.
For SAP period the only option is to fill monthly report and import it.
If you want to import financials to the form, you can simply set either full FY period 01-Jul-2023 to 30-June-2024 (if you're lodging 2024 form), or can set one month period for both PL and BS e.g. 1 Jan 2023 to 31 Dec 2023 the form will be filled automatically.
Form2023 is possible to use if incase you have no other Form2023 that has been lodged (first lodgement)
Link to template https://lodgeit.s3-ap-southeast-2.amazonaws.com/help/templates/Financials_Import_Monthly.xlsx
*See attached sample excel
Financial Report
LodgeiT support Financial Reports with a custom period. In order to achieve this a user has to import financials on a monthly basis. It should work smoothly for LodgeiT Excel Template, Xero, QuickBooks and MYOB for which we are using API to import financials.
See below sample of the downloaded financial report, Financial Subject will be based on the "Title"
