Question: For company tax return. It populates a negative value for my franking credit balance. Is that correct? That is, does a negative value represent a positive franking balance? My company does have a lot of franking credit, so not in deficit.
Answer: Probably you were confused with the balance in the tool. If it's POSITIVE, it's a DEBIT. If the balance would be entered with a franking credit, then the system works as expected. To resolve the issue, please change the balance to negative, so amounts will be re-calculated and reflected on tax return.
