How to enter data for the TaxFlow forecast report, located in the bottom section of TaxPlan.
To get information into the TaxFlow report and show the estimated tax payable by your client and every entity within their group for the next 18 months:
- Select either automatic or manually calculated PAYG instalments at the top
- Scroll down to the heading TaxFlow Information (Click ^ to open or close this section to give yourself more space)
- Specify for each entity when the tax payable or refundable amounts are payable by selecting a value for Month Payable / Refundable
- Manually enter your client’s ATO Tax Repayment Plan (This could be made up of any payments or amounts from BAS’s, PAYG or any tax amounts owing that your client will be paying in the next 18 months that you have a repayment plan for or that you think will be due)
- Enter any lump sum amounts as well
- At the very bottom you'll see FY Estimated PAYG Instalments with payment intervals automatically calculated underneath which will flow into the TaxFlow report.
Watch our full instruction video below:
Next steps: View the how to create the TaxFlow report article