You've got access to two new reports from the ATO’s Practitioner Lodgment Service (PLS)—the EFT Reconciliation Statement (EFTRS) and the Income Tax Client Report (ITCRPT).
EFT Reconciliation Statement (EFTRS)
- Provides details of EFT refunds expected to be deposited into a registered agent’s trust account.
- Similar data to the ELS EFT Reconciliation Statement.
- It's an automated scheduled report.
- A report will only be available on a business day where a deposit is expected to be credited to the trust account.
- The ATO recommends agents reconcile their account with the EFTRS before issuing payments to clients.
- Scheduling the EFTRS does the following:
- Adds tax agent trust financial institution account details for the EFT Reconciliation report using the Manage Agent Trust (MAT) service.
- Subscribes to the EFT Reconciliation report using the manage report subscription service (MRPTS).
- Retrieves ATO-generated EFT reconciliation reports using the get report service (GRPT).
When you've subscribed to the PLS EFT Reconciliation Statement, the ATO blocks access to retrieving the ELS EFT Reconciliation Statement.
To schedule the EFTRS
Before scheduling the report, check that the bank details are correct in either Maintenance > Agents > Agent Properties > Banking tab, or Utilities > Control Record > Banking tab.
- Open Agent Reports from the Tax button menu.
- Select an agent from the Agent drop-down.
- In the Report column of the table, select EFT Reconciliation Statement.
- On the Tasks bar, click Request/Schedule Report.
- Click Request Report.
- On the Schedule Agent Report window, select a time from the Schedule time drop-down and click OK.
When you've received the report, you can view it from the List PLS reports window.
- Lists the clients that you'll be completing tax returns for.
- Similar data to the ELS Due lodgment and Client list reports. The Client list report had similar print, update and sort options, but the tax level value isn't provided in the new ITCRPT.
- Available for 90 days after it's created.
- It's an ad-hoc on-demand report. It's not a scheduled report.
To request the ITCRPT
- Open Agent Reports from the Tax button menu.
- Select an agent from the Agent drop-down.
- In the Report column of the table, select Income Tax Client Report.
- On the Tasks bar, click Request/Schedule Report.
- Click Request Report.
When you've received the report, you can view it from the List PLS reports window.
For more information, see Agent Reports homepage.