AU Tax - Remove 0 in managed funds pre-fill from ATO
We have noticed an error, where, when managed fund distributions are prefilled from the ATO, a zero is put in the Item 24 - Other Income
This causes an error for each managed fund prefill that needs to be manually fixed by going in and deleting that entry in the schedule.
I just recently had a client with 15+ managed fund imports (owned jointly with his wife, so same issue on her side) which meant I had to waste quite a bit of time going into each schedule, only to delete the zero at the bottom.
If you could arrange for this to be fixed, it would be greatly appreciated.
Wendy Litherland
shared this idea
Thanks for your interest and sharing with us through this idea, everyone. We appreciate how this change in the pre-fill could improve your use of Xero Tax, and this is something our teams are currently working to solve. I'll be back to share once this is complete.
-
Vicki Carlisle
commented
Oh yes those zeroes are such a time waster. In June 2025!
Even the prefill report from the ATO doesn't show Nil amounts, why does Xero create them? -
Greg Piotrowski
commented
100% agree. Not only this, but it also puts 0 in primary production which causes an averaging error and in ESIC offset also. Surely they can have and "if 0, don't import" in their coding?
-
Paul Howlett
commented
This!
1000% THIS!!!
-
KATHRYN LOUISE FORBES
commented
WHY IS THIS STILL AN ISSUE IN 2024 JUNE?
-
Andrew Ryan
commented
Agree that this is incredibly annoying and needs to be fixed. It also by default puts the client into primary production averaging.
-
Bob Green
commented
Incredibly annoying issue and one that eats into efficiently completing I returns. Hopefully the programme can look at a field in the trust distribution schedule and parse IF 0 THEN "blank" else "number"