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Hi there,
Our practice has still yet to file T2's electronically. The reason being, we are unsure of how to attach a copy of the "notes to the financial statements" to be e-filed. What do you suggest or what does your firm do? Copy and paste into the S100notes form?
Thank you
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T2 Efile with financial statement notes
MultiQuote
#2
James1 
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Posted 02 November 2007 - 01:46 PM
Kelly
I actually import them from Caseware; however, copying and pasting the information into the S100notes will also work just fine. You do not need to worry about the formating.
James
I actually import them from Caseware; however, copying and pasting the information into the S100notes will also work just fine. You do not need to worry about the formating.
James
#3
louiskam
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Posted 02 November 2007 - 07:08 PM
James1, on Nov 2 2007, 06:46 AM, said:
Kelly
I actually import them from Caseware; however, copying and pasting the information into the S100notes will also work just fine. You do not need to worry about the formating.
James
I actually import them from Caseware; however, copying and pasting the information into the S100notes will also work just fine. You do not need to worry about the formating.
James
I copy and paste the information from Excel to S100 notes and it line-up very differently, particularly the asset/depreciation table. It takes a bit of time to get it matches the Excel format.
as
#6
James1
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Posted 07 November 2007 - 06:24 PM
KellyD28, on Nov 7 2007, 10:08 AM, said:
CRA won't mind if columns don't line up or tables aren't proper?
No
I have seen the output they get. It will not make any difference. The CRA tech had a handful of screen shots. To tell you the truth, he informed me that the front line processors must have started to type the notes into the system since he had not seen this before. I informed him that they are not being typed in; however, I really wonder if they would notice the notes missing??
James
#7
RL Tax Joe
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Posted 07 November 2007 - 09:45 PM
James1, on Nov 7 2007, 12:24 PM, said:
No
I have seen the output they get. It will not make any difference. The CRA tech had a handful of screen shots. To tell you the truth, he informed me that the front line processors must have started to type the notes into the system since he had not seen this before. I informed him that they are not being typed in; however, I really wonder if they would notice the notes missing??
James
I have seen the output they get. It will not make any difference. The CRA tech had a handful of screen shots. To tell you the truth, he informed me that the front line processors must have started to type the notes into the system since he had not seen this before. I informed him that they are not being typed in; however, I really wonder if they would notice the notes missing??
James
I would imagine that for 70% of the companies out there, the notes are totally useless to CRA.
#8 Guest_snowplowguy_*
Posted 07 November 2007 - 09:56 PM
RL Tax Joe, on Nov 7 2007, 04:45 PM, said:
I would imagine that for 70% of the companies out there, the notes are totally useless to CRA.
Funny you should mention that.
In the few audit situations I've happened across the CRA has requested copies of the financial statements. I've mentioned to the auditor that they already have them, as Efiled with the T2. Their response is generally "What we have is not in any form that we, as auditors, can read"
So it would appear........ the efiled Financial Statements are useless too.......except to the computer doing the assessing. :D
I efile all but about five of my T2 returns........ rarely have I ever included the S100 notes with the efile transmission.
#9
Dan Reynen
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Posted 22 November 2007 - 07:10 PM
I have found that I copy and paste to word pad and then copy and paste that to the S100Notes. For some reason the transfer to TXT and then TXT to Profile retains a little more of the formatting. Even though CRA may not care what the formatting on the S100NOTES looks like when I am reviewing the return before printing it is easier for me to look at with the columns lined up. T2EFile everything that I can, mostly address changes that stop the EFile. Love the Assessment coming in days and refunds or transfer showing right after that. Very cool.
#10
louiskam
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Posted 22 November 2007 - 09:45 PM
Dan Reynen, on Nov 22 2007, 12:10 PM, said:
I have found that I copy and paste to word pad and then copy and paste that to the S100Notes. For some reason the transfer to TXT and then TXT to Profile retains a little more of the formatting......
Dan, my financial statement notes is in part of the Excel 2003 file (.xls). When copy and paste both the texts and tables to a WordPad 5.1 (.txt), they are all shown in different small boxes. Am I missing the correct steps?
#11
Gordon Wiber
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Posted 26 November 2007 - 05:27 PM
Similiar to Snowplow.. had auditors request FS during audit, so not too concerned if final version of FS notes make it into S100notes, since it is my experience that the CRA just doesnt refer to them.
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