Getting started with "Financial Reports"

1. Make sure to set up "Relationship" first. Learn more

2. "Financial Report" is dependent on how you have classified your financials. Make sure that classification of your accounts mapped accordingly. Learn more

Import for BGL and Mclowd

Note: Financial import (for software other than BGL and Mclowd) is for Financial Statement purposes only, it will not be injected to tax form.

3. In "Members Profit Distribution Summary", select the "Opening balance/s" for the beneficiaries through the dropdown arrow.

Once you have selected from the dropdown option, figures will automatically show.

Note: if dropdown option is not showing the correct accounts, best to check on how you have classified your financials via "Settings" > "Chart of Accounts" tab and map it accordingly.

Related article:

How to distribute "Members Profit Distribution Summary" in Superannuation Fund (SMSF)

Other Related Article:

The LodgeiT Approach on Preparing "Financial Reports"

Financial Report - E Signature

Modify "Financial Reports"

Managing "Financial Report" Template