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Rollover GL and close year

When you are satisfied that all steps have been completed correctly and the GL can be rolled and the year closed, move to the final step: Rollover GL and Close Year.

Choose Rollover GL and Close Year, then choose the ROLLOVER button to complete Year End Processing and close the financial year.

If the rollover has been completed and the year closed, you have the option her to Open Year and Rollback GL to make further changes.

Once the rollover is complete, users of Pro or Premium editions can return to the Financial Years screen to download a tax file for LodgeIT, thus automating the completion of your Fund’s tax return.

Note: Our year end process for all years will show “Download Tax File for LodgeIT” as an Action, but you can only use Lodge IT to lodge for any years from and including 2017/18.