MYLEDGERTax preparation & working papers
SMSF member allocation
Allocate the fund's result across members, with checks including pension minimums.
The problem it solves
Member allocations are detailed and must reconcile to the fund.
How it works
- Open the SMSF allocation.
- Allocate the result across members.
- Review the checks, including pension minimums.
What your practice gets
- Member balances allocated.
- Built-in checks.
- Reconciles to the fund.
Watch it in the product
A short recording of smsf member allocation in use.
Questions accountants ask
Are pension minimums checked?
Yes.
Is it for SMSFs only?
Yes.
Is there a tutorial?
Yes, see the SMSF working paper tutorial.
Related features
Features that work alongside smsf member allocation.
Working papers hub
One tabbed page per client for year-end schedules: checklist, GST, tax return labels, depreciation, amortisation, Division 7A, FBT, investment income, distributions, franking, dividends, SMSF and more.
VideoIndividual tax estimate
Estimate tax payable for resident individuals in working papers and tools.
ATO small business benchmarks
Compare a client's ratios with published ATO small business benchmarks for their industry, with risk indicators and trends.
Tax return label report
Map the ledger to ATO tax return labels with drill-down, so return figures trace back to transactions.
VideoBook-to-tax reconciliation
A book-to-tax working paper for each year that bridges accounting profit to taxable income.
Year-end tax checklist
An entity-specific tax checklist for each year, with attachments, reset and a follow-up email to the client.
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.