One ongoing task for BAS and tax agents is managing ATO lodgements. Without tools to track preparation, lodgement, client communication, and payment, the process can be inefficient or uneconomical.
Because GovReports is an SBR-enabled platform, it connects directly and immediately to the ATO, eliminating the need to log in to the ATO separately or to make manual entries or report submissions.
Also, with our unified practice management tools and digital signatures, accounting professionals can track all stages of a compliance lodgement in one platform and view an audit trail from start to finish.
But the lodgement is only part of the process – what happens after lodgement? Do you follow up with the client to offer advisory services? Do you track their payment or refund? Do you invoice for your services immediately or push your own administration down the to-do list?
ATO Lodgement Process for Activity Statements and Tax Returns
GovReports lets you complete the entire lodgement process from a single platform.
- If you don’t use a separate accounting software for your own practice, set up timesheets and invoices in practice Settings. Make sure you add your payment details and T&Cs to ensure your invoice is paid quickly and easily.
- If you do use accounting software for your invoicing, you might still want to use GovReports’ timesheets to track all time spent on client-related tasks.
- Use a template to ensure all relevant tasks are completed for each client or job.
- Import report data from the software or manually enter it.
- Attach client work papers, notes or reports to the client file.
- View the ATO Integrated Client Account activity and balance.
- Check the ATO client communications for notices of refunds, changes to PAYG instalments, payment plan reminders or other matters such as Director Penalty Notices.
- Send the report to the client for their review and digital signature.
- Once signed, lodge the report directly from GovReports.
- Once lodged, send the lodgement receipt and payment advice to the client.
- Send the tax invoice for your services to the client straight from GovReports or export the timesheet report from GovReports to your accounting software.
- Track client refunds or payments in the ATO Integrated Client Account, ensuring they pay on time or notifying them of any refunds due.
All-in-One ATO Lodgement Platform
Looking after your clients end-to-end becomes straightforward with GovReports as your consolidated practice management platform. Easily onboard clients, create tasks, jobs and templates, send engagement letters and proposals, offer advisory services, and track all your client admin. GovReports provides a holistic approach to your service offerings and practice management.
The functions of the bookkeeper and accountant are more important than ever, particularly for small business owners who bear the responsibility for many vital roles within their businesses. Tax professionals can help business owners by managing their compliance tasks and lodgements and reducing the burden. And GovReports is here to help accounting experts like you manage all aspects of your lodgement program.
