Classification of Account Line Items
LodgeiT auto map and classify the line items, but we still suggest you to check it through. Though, you only have to do the mapping once, then on the fol...
Fri, 11 Feb, 2022 at 7:32 AM
Inspect the Chart of Accounts Taxonomy used to classify financial statements for financial reporting & tax purposes here - Click to open the Taxonomy
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Wed, 2 Sep, 2020 at 6:41 AM
Other way of account classification is account tagging. Step 1. Go to your "Financials" tab select "Accounts" Step 2. Tick the box o...
Fri, 27 Jan, 2023 at 10:35 AM
Question: Is there is an option to just not link the chart of account from the bookkeeping software with the tax software.? Answer: The best way to ensure ...
Sat, 3 Sep, 2022 at 11:36 AM
LodgeiT transfers the negative amount by default. Currently it cannot be changed. There are only two ways to fill negative amount in Liabilities section. ...
Mon, 31 Oct, 2022 at 8:20 AM