Practitioner EditionPractitioner Edition: End of Year processing

11.3.6 Year End Processing: Tax Calculations – Losses

When you progress to the LOSSES screen, Mclowd displays tax losses or capital losses (if any) that will be carried forward to offset taxes on gains in subsequent years.

Tax losses

Once verified, click SAVE LOSSES for the information to be saved. Mclowd displays a confirmation message and offers options to EXPORT TO EXCEL, PRINT or DOWNLOAD AS PDF.

Tax losses saved

Click BACK TO TAX HOME to move to the next step or the NEXT – DISTRIBUTE NET P&L button at bottom right of the screen to move to the next step.


about the author:

Lorraine Cobcroft

With a background in accounting and financial management, followed by two decades writing software documentation, Lorraine joined the Mclowd team in mid-2016 and is enjoying working with a dynamic team to enhance an innovative product that has the potential to revolutionize the way Australians manage their retirement funding. Lorraine is also an accomplished business writer, ghost-writer, novelist and short-story writer and poet.

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