MYLEDGERChart of accounts & the ledger
Apply tax return labels
Map account names to the ATO tax return label set for trust or individual returns in one step.
The problem it solves
Tagging every account with its tax return label by hand is slow.
How it works
- Open the chart of accounts.
- Choose the label set for a trust or individual return.
- Review the mapped labels and adjust.
What your practice gets
- Labels applied in one step.
- Consistent mapping.
- Ready for the ITR report.
Questions accountants ask
Which label sets are available?
Trust and individual return label sets.
Can I change a label afterwards?
Yes.
Does this lodge anything?
No. Labels organise the figures for your own return preparation.
Related features
Features that work alongside apply tax return labels.
Chart of accounts
View, add, rename, reorder, merge and delete accounts, and apply tax return labels, for each client.
VideoTax return label report
Map the ledger to ATO tax return labels with drill-down, so return figures trace back to transactions.
VideoImport a chart from text or a file
Paste or upload an account list from a client's old system and AI turns it into chart accounts for you to confirm.
VideoRename and reorder accounts
Rename an account and its history follows; set the display order you want.
Default chart for each entity type
Start a new client with a sensible default chart for their entity type.
VideoAccount usage counts
See how many transactions and journals use each account before you delete or merge it.
See it working in your practice.
Start with one workflow and adopt more of the connected practice system over time. Your team reviews and approves the work.
14-day free trial. A payment method is required to start. Your paid subscription starts automatically when the 14 days end; cancel during the trial and you pay nothing. After the trial, a 6-month minimum term applies, then month-to-month. Commit to 12 months up front and the monthly price is 20% lower. See pricing.