The suggested workaround is to use Excel to record the business A & B data, then get the sum and key it into LodgeiT. Attach the Excel file via LodgeiT "Files" to store the supporting document.
Later, we will allow consolidations. But for now, the only solution is to use an Excel file to consolidate the data.
LodgeiT is designed for import of accounting data and we are unlikely to add dual manual input sections for businesses. Ultimately, we will provision for division and consolidation where separate accounting systems are used. 


In this guide:

Individual Tax Return

Xero & QBO have methods i.,e. location, division, tags that allow multiple businesses under a single ABN to be recorded effectively. Learn more - https://help.lodgeit.net.au/support/solutions/articles/60000713807-business-worksheet-financials-imported-from-qbo-


Company Tax Return

Conslidate use Excel to record the business 1 & 2 data, then get the sum and key it into LodgeiT item 6 . Attach the Excel file via LodgeiT "Files" to store the supporting document

Business income and expenses should be reported under item 6 of the company tax return. 

  • Business income is included in the "Income" portion of the calculation of total profit or loss.
  • Business expenses are included in the "Expenses" portion of the calculation of total profit or loss.


Partnership Tax Return

Conslidate use Excel to record the business 1 & 2 data, then get the sum and key it into LodgeiT item 6 . Attach the Excel file via LodgeiT "Files" to store the supporting document