Recent Q & A
Question: When i use Reckon to lodge sole trader tax return, there's an option to claim that the taxpayer is eligible to claim the small business income...
Tue, 29 Sep, 2026 at 12:12 PM
Question: The 2018 FY MYOB accounts have profit distributions showing as expenses - in other expenses in profit and loss. The 2019 FY MYOB accounts to m...
Tue, 29 Sep, 2026 at 12:12 PM
Question: Is there an easy way to differentiate which information has been prefilled from the ATO and which has been uploaded from the QuickBooks file? A...
Tue, 29 Sep, 2026 at 11:39 AM
Question: The program automatically takes away the income stream payment from S2 and to me gives an incorrect Closing Balance. (SMSFAR) Answer: The closing...
Tue, 16 Jul, 2024 at 3:35 PM
Prompt: "Difference", represents the franking credit. Guidance: The validation is in respect of the tax form and does not take into account any r...
Thu, 15 May, 2025 at 10:32 AM
Question: How do you add in PAYG Tax Witholding to a BAS? specifically for W1 and W2 items. Answer: The activity statement (AS) is generated directly from...
Fri, 15 Dec, 2023 at 9:06 AM
Question: I have a Trust with Losses, and when I import using the Excel importer, it appears to be doubling up the losses in the profit allocation report, ...
Sat, 16 Mar, 2024 at 9:44 PM
Question: The ledger does not contain additional transactions that I have entered into the Xero file, even if I refresh the import. The Workpaper balance do...
Tue, 29 Sep, 2026 at 11:39 AM
Question: What is the correct method for recording the imputation credits attached to a trust distribution for a company. Answer: It depends what the compa...
Sun, 26 May, 2024 at 9:16 AM
Question: Trust making distribution to company. Company receiving distribution - but no franking credit showing. Answer: Franking credits goes to “Distribu...
Sun, 26 May, 2024 at 9:16 AM