General - Financial Reporting

Consolidated Group
When a group of entities forms a consolidated group for tax purposes, they are treated as a single entity for income tax purposes. This means that all the m...
Thu, 2 May, 2024 at 8:28 AM
"Net Cash flows from Investing Activities"
The 'Net Cash Flows from Investing Activities' must be selected manually for the system to perform the calculation. 1. "Net Cash flows from...
Mon, 2 Sep, 2024 at 1:33 PM
Financial Report: TFN witholding tax credit distribution to beneficiaries
Question:  Trust earn interest income but TFN witholding has been deducted from trust income. Income distributed to beneficiaries according to percentage b...
Tue, 18 Feb, 2025 at 12:28 PM
"Not-for-Profit" Financial Report
"Not-for-Profit" Financial Report is part of the Pro/Advance Financial Statement and under a PAID version.  purchase a credits to proceed, n...
Mon, 25 Nov, 2024 at 7:25 AM
Duplicate page for Financial Report
This feature is for Advance/Pro Verion of Financial Report only. Illustration: The agent wants to have two set of "Trading Account"   Pr...
Thu, 6 Feb, 2025 at 12:36 PM
Remove/Delete Financial Report
Select "Custom Report", and point the cursor via 3 dots to see the options If you can't find that option, you need to ask your colleague (...
Fri, 14 Feb, 2025 at 1:21 PM
Financial Report: Rounding off
In some cases, this difference really happens because of the rounding off up to the nearest dollar in the Financial Report, thus the suggested workaround is...
Wed, 12 Mar, 2025 at 11:39 AM
Financial Report: Out to Sign - Failed
Check if there is a signatory who is ie Superfund In order to resolve it please follow these instructions: 1. Remove from client relationship "Th...
Thu, 13 Mar, 2025 at 7:36 AM
Financial Report: Editing of Opening and Closing Retained Earnings
Open the financial report and go Statement of Changes in Equity. Click the "Change to Retained Earnings" line item and then click  the plus sig...
Thu, 10 Apr, 2025 at 12:35 PM
How to edit or undo an action while working on the financial report?
Just click the "Undo" button revert back an incorrect action that has been made in the report or if you had deleted a certain section in the Finan...
Thu, 1 May, 2025 at 8:59 AM