LodgeiT relies on an import and classification exercise to populate Working Papers, the Tax Form and Special Purpose Financial Statements.
LodgeiT offers a direct .XLS import, user should extract the Profil&Loss and Balance sheet for the following accounting software, then import to LodgeiT.
For Reckon One:
Use the method shown below to extract balance sheet & reports from both the current (reporting) and historical (comparative) years.
First, extract the balance sheet and profit&Loss to Excel format, be sure to line up dates with reporting period.
Once extracted and file is ready, select the "Financials" menu item via LodgeiT -
Press "Reckon One"
Choose a pair of "Profit & Loss" and "Balance Sheet" and hit "Upload"
Order of import is not important. You might import the reporting period pair (balance sheet & profit & loss) first.
If you need to make changes in the accounts, simply re-import after you've made those changes.
Once you've imported the files, navigate to and resolve any classification errors.
Alternatively, you may also use our LodgeiT Smart Excel Utility, and choose "Reckon One"