Mclowd User Guide for SMSF Trustees

Congratulations on completing entries for a full financial period.

If you have captured all transactions for a fund for a particular financial year, you will want to run your year-end reports and close off the financial year.

 

Running the year-end process will create journal entries, enabling you to produce a set of financial reports, a tax return and member benefit statements.

 

This Section of the Mclowd™ User Guide is designed to provide you with a step-by-step guide to the processing of these year-end entries.

 

This Section also provides instructions for creating a Tax Data Extract and, if desired, use the optional Tax Return Lodgment service facilitated by Mclowd™ ’s partnership with .

This service is offered (free of additional charges) to users of the Mclowd™Pro and Premium versions. It enables the automatic electronic lodgment of a Superannuation Tax Return using data exported from.

 

This is a quick, simple and inexpensive process that greatly reduces the cost and effort of compliance.

Users of the Free Forever version of Mclowd™ should consider upgrading to Pro to access this and other benefits.
 
Go to https://www.mclowd.com/plans-and-pricing-trustees/ (or https://www.mclowd.com/plans-and-pricing-practitioners/if a practitioner) for details of price and benefits of the Pro and Premium editions.

 

Trustees using Mclowd™ can give auditors, accountants and actuaries access to their data for checking and verification purposes, or can authorise a selected practitioner to perform part or all of the year end processing procedure, including tax return lodgement.

 

Purchase an Actuarial Certificate by clicking the EXTRAS tab on the main Mclowd™menu.