Class reports automatically imported and tagged
Overview
When importing a lead schedule into SMSF Sorted from Class, a number of reports are imported via API. This article outlines which reports are imported.
Imported reports from Class
- Activity Statement Preparation Report
*only if the fund is registered for GST - Annual Return Report
- Annual Return CGT Schedule
- Annual Return Losses Schedule
- Contribution Cap
- Distribution Reconciliation
- Investment Income Comparison
- Investment Income Summary
- Investment Movement Summary
- Investment Revaluation
- Investment Summary
- Market Price Audit Report
- Member Statement
- Member Summary
- Pension Limit
- Realised Capital Gains
- Rental Property Schedule
- Statement of Taxable Income
- Tax Accounting Reconciliation
NOTE: The Activity Statement Preparation Report and Member Statement were introduced in SMSF Sorted 2.2. For jobs created prior to 17 October 2020, you will need to reimport the lead schedule to bring in these added documents.
Autotagging
As part of the import, SMSF Sorted will auto tag a number of the imported reports to key GL items to assist building the Sorted File
Report
| Auto tag
|
Tax Accounting Reconciliation | Income Tax Expense |
Realised Capital Gains | Realised Capital Gains |
Member Summary | Member Entitlement Accounts |
Investment Income Summary | Investment Income |
Member Statement | Member Entitlement Accounts |
Annual Return Report | Current Tax Assets/Income Tax Payable |
Investment Summary | Investments |
Investment Income Comparison | Investment Income |
Investment Movement Summary | Investments |
Distribution Reconcilaition | Distributions |
Investment Revaluation | Increase in Market Value |
Activity Statement Preparation Report (Only if fund is registered for GST) |
Other
Taxes Payable/Refundable |
|
Statement of Taxable Income | Income Tax Expense |
Rental Property Schedule | Property Expenses |
Pension Limit Report | Pension Paid |
Contribution Cap Report | Contributions |
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