TradeLog PRO allows the user multiple TaxFile options:
- A client can use their own TradeLog subscription to create a data file for the tax year. The PRO user can then open and edit that file.
When running the End Tax Year function, the TaxFile code included with the client's subscription will be used. If the client's TaxFile code(s) have all been utilized, then the PRO user may use one of their pre-purchased TaxFile codes to run End Tax Year.
- The PRO user can create a data file for their client. The PRO user's pre-purchased TaxFile will be used to run End Tax Year.
Best Practice: Confirm ownership of a TradeLog file when received from a client. If the file is not registered correctly to the owner, please submit to TradeLog Support for assistance. Click here to learn more.
When running End Tax Year with TradeLog PRO, the software will require confirmation of the TaxFile being used:
- The following dialog box will confirm the RegCode and Name for the TaxFile you are about to use.
To proceed, you will need to Enter a User Reference. This text/number will be logged with the TaxFile use for auditing purposes. TradeLog PRO users can determine what to enter as a User Reference - this may be the individual user's name, an internal reference number, etc.
TradeLog PRO users can request a history of TaxFile use with the User Reference notes for audit purposes by contacting TradeLog Support.
- If the file is owned by a registered TradeLog user, but their RegCode is invalid, expired, or they have no available TaxFiles, then the following warning will pop-up. You can choose to proceed using one of your PRO user TaxFiles by clicking Yes.
If you believe there is an error, please click No and submit the file to TradeLog Support with details.
- If the file is not linked to a registered TradeLog user, you will need to confirm whether to proceed using one of your PRO user TaxFiles. If you believe there is an error, please click No and submit the file to TradeLog Support with details.
- If using your PRO user TaxFile, but no pre-purchased TaxFiles are available, the following warning will appear. Please purchase additional TaxFiles online or by contacting TradeLog Support.