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Overview

The purpose of the Tax Return Rollover process is to roll Tax Returns from one year to the next.  The Rollover can be performed in bulk, by using filter criteria or at an individual Return level once the Standard Tax Matter for the new year (2021) has been created.

The Rollover process must be managed and done by a staff member who understands why the Rollover is performed and what the results of the Rollover should be.  If the person performing the Rollover understands the implications on the Tax Matters and their attached Returns the process is straightforward.  We highly recommend an experienced staff member, preferably the Tax Administrator perform this process.  We recommend you contact the Reckon Support Team if the person who manages your Tax Return rollover is unsure of the implications the roll options they select will have on the New Year’s Tax Ledger transaction dates and values.

The key of the Rollover is to ensure that the Returns are rolled at the appropriate time. The Rollover process impacts on the values available for the IR901 letters and needs to be fully understood.

Best practice is to complete the Tax Return rollover in stages.  

  • Firstly, roll all completed 2020 returns.  
  • Any returns completed after the initial rollover can then be rolled periodically; daily, weekly or fortnightly.
  • Some practices choose to leave this process until just before the new Tax season starts and they roll all Returns at once.  However this will have an impact on early balance date returns as there will be no Provisional instalments available to populate the letters.
Note:  Not all returns have to be rolled at the same time. The rollover function can be run as many times as required.  

 

 

What the Rollover Does

 

 

Rollover Preparation

 

 

Database Backup

 

 

Data Preparation

 

 

Client Ratio Percentage

 

 

Use NOA RIT when set?

 

 

How to check that the Tax Returns' NOA tab is completed correctly before rollover?

 

 

Disable Rollover

 

 

Creating the Tax Return 2021 Standard Matter

 

 

Important points to be read and understood 

 

 

Rollover scenarios

 

 

After Rollover – Verifying Data

 

 

Tax Manager Queries

 

Related Products: APS TAX NZ
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