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treatment of franking credit in profit and... Expand / Collapse
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Posted 7/05/2009 8:08:56 PM
Junior Member

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Last Login: 28/10/2009 10:05:04 PM
Posts: 7, Visits: 41
Hi,

 My fund was put in pension mode after the beginning of the financial year, but all franking credits  show as taxable income in profit and loss, rather than the pro rata amount for those dividends that were received during the taxable portion of the year.Dividends have been processed as dividends (non-taxable) for the fund when placed in pension modeand dividends (taxable) before pension mode.

The auditor is requesting a year on year comparison feature on financial statements. Is this feature available?   Regards. 

Post #4290
Posted 7/05/2009 8:34:01 PM
Junior Member

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Last Login: 28/10/2009 10:05:04 PM
Posts: 7, Visits: 41
Hi again - I managed to find the year on year comparison feature.
Post #4291
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