AI Working Papers
Working papers arrive drafted. Div 7A schedules, depreciation schedules and BAS reconciliations are prepared from your ledger data and presented for your review. You check them, adjust them, and approve them - the conclusion is yours.
What AI Working Papers does
Div 7A Schedules
Drafts minimum yearly repayments and applies the ATO benchmark interest rate you select, then proposes the loan journals. You review and approve before anything is posted.
BAS Reconciliation
Matches GST in your ledger against the BAS you have lodged with the ATO and surfaces the differences. You review each difference and decide the treatment.
Depreciation Schedules
Drafts depreciation schedules with pooling, disposals, and the proposed journal entries. You review the treatment before it is posted.
Director Fees & Dividends
Drafts director fee and dividend journals with franking credit workings, presented for your review and approval.
Div 7A loan records (minimum yearly repayment tracking)
Maintains Div 7A loan records with minimum yearly repayment tracking and interest workings. Compliance flags are surfaced for your review - the compliance conclusion is yours.
Ledger to Return Reconciliation
Proposes a mapping from P&L accounts to tax return lines with the supporting adjustment workings. You verify each mapping and adjustment before it is used.
How it works
Complete Reconciliation
Start with your reconciled ledger from MyLedger. All transactions categorised and validated.
AI Drafts the Working Papers
Select which working papers you need. AI drafts the standard schedules and workings from your ledger data.
Review & Override
Review each draft. Override any workings where your professional judgement differs - Fedix retains a record of your review.
Export for Filing
Export the working papers and supporting schedules once you have approved them, ready for tax return preparation and lodgement through your usual channel.
Outcomes you'll see
Schedules arrive prepared from your ledger
Your time goes on judgement, not data entry
Same treatment presented across all clients