MyWorkpapers are pleased to announce an update to our Year-End Templates.
- Year-End 1.2
- SMSF Year-End 1.2 (Prior version was 1.0 and has been aligned with Year-End 1.2 versioning)
Year-End 1.2 Workpaper Pack
There have been a significant number of updates made across all areas of our Year-End template including new procedures on programmes and checklists and updates to workpaper templates. There is a new (B4) YearEnd checklist which can be sent to your clients to request information required for the YearEnd. All of the Excel workpapers have had a change to their presentation and the following new documents have also been included:
- New Excel workpapers:
| Section | Reference | Name |
| Income | C3 | Interest Received |
| Income | C4 | Dividends Received |
| Income | C5 | Other Income |
| Income | C8 | Trust Distributions |
| Expenses | D7 | Repairs and Maintenance |
| Expenses | D8 | Service Fees |
| Expenses | D11 | Donations |
| Expenses | D12 | Fines and Penalties |
| Expenses | D13 | Legal Fees |
| Expenses | D14 | Superannuation |
| Expenses | D15 | Payments - Associated Persons |
| Assets | F4 | Debtors (Accounts Receivable) Reconciliation |
| Assets | F5 | Stock on Hand Reconciliation |
| Assets | F6 | Investments - Permanent Register |
| Assets | F7 | Other Assets - Permanent Register |
| Liabilities | G4 | Creditors (Accounts Payable) Reconciliation |
| Liabilities | G5 | Accruals |
| Liabilities | G8 | Annual Leave Provision |
| Liabilities | G9 | Long Service Leave Provision |
- Excel Workpapers Moved
| Section | Reference | Name |
| Income | C6 | Employee Contribution (From D2) |
| Income | C7 | Rental Property (From E6) |
| Assets | F8 | Division 7A Repayment (From E5) |
| Liabilities | G7 | Provision for Income Tax (From E3) |
SMSF Year-End 1.2 Workpaper Pack
We have made a number of updates to the SMSF Year-End pack.
- Index numbering updated for consistency with other templates
- New procedures dealing with crypto-currency.
- New section for GST
- New B2 - SMSF Checklist (Word)
- New Excel workpapers:
- C2 - Interest Received
- C3 - Dividends Received
- C4 - Rental Property Summary
- C5 - Trust Distributions
- F1 - Bank reconciliation
- F3 - Receivables (Debtors)
- F4 - Investments - Permanent Register
- GC - Payables (Creditors)
- I2 - GST Reconciliation Worksheet
- I3 - GST Adjustments worksheet
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