MYLEDGERTax preparation & working papers
Tax return label report
Map the ledger to ATO tax return labels with drill-down, so return figures trace back to transactions.
The problem it solves
Carrying ledger figures into the return by hand invites mistakes.
How it works
- Make sure accounts carry tax return labels.
- Open the report for the year.
- Drill into any label and carry the reviewed figures into your tax software.
What your practice gets
- Return figures traced to the ledger.
- Drill-down on every label.
- Fewer transcription errors.
Watch it in the product
A short recording of tax return label report in use.
Questions accountants ask
Does it lodge the return?
No. Fedix does not lodge. Carry the reviewed figures into your lodgement software.
Can I see what makes up a label?
Yes.
Is there a tutorial?
Yes, see the ITR report tutorial.
Related features
Features that work alongside tax return label report.
Transaction ledger
Every transaction for the client is kept in one ledger that all MYLEDGER screens read from and write to.
Apply tax return labels
Map account names to the ATO tax return label set for trust or individual returns in one step.
Book-to-tax reconciliation
A book-to-tax working paper for each year that bridges accounting profit to taxable income.
Individual tax estimate
Estimate tax payable for resident individuals in working papers and tools.
Year-end tax checklist
An entity-specific tax checklist for each year, with attachments, reset and a follow-up email to the client.
Depreciation register
An asset register with ATO effective-life rates, calculations, roll-forward to the next year, opening balances and journals you can post or undo.
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.