When your form is populated with imported Mclowd data, click PRELODGE.
LodgeIT will now highlight any errors or missing information and allow you to make corrections. In particular, you may find you need to remove zeros from some fields. If you expect a refund, you will need to insert details of the bank account for your Fund. You also need to insert your auditor’s contact information.
Please note there are a small number of fields that are not yet incorporated into the Mclowd file (such as auditor phone number). We are in the process of upgrading the Mclowd database to reflect these data points, but for now you will need to enter these via LodgeIT.
We also plan to tighten the level of integration with LodgeIT into the future, so that the above process can be simplified (such as not requiring separate login to LodgeIT).
When your form is complete, click LODGE to complete the lodgement process.
LodgeIT also offers the option to Print your form, Export to PDF, or Save for later completion or modification. LodgeIT will store all forms completed using the system and allows you to quickly and easily revise and re-submit if required.
LodgeIT stores the form in a forms library, marking it’s status. If successfully lodged, the Status column will show ‘’Lodged’. Form can be saved in Draft mode or after Prelodging if you need to interrupt the preparation process and return to completed it later.
NOTE: You can also use LodgeIT to complete your Fund BAS returns and to complete tax returns for other entities you control, as well as for your personal tax returns.
The following videos provide an overview of the lodgement process (from within the LodgeIT environment) for both Mclowd trustees and practitioners:
- Practitioner video (http://acclearn.com.au/page/free.aspx?series=232&type=free)
- Trustee video (http://www.acclearn.com.au/page/free.aspx?series=231&type=free)