TaxCycle

How to Import Tallyfor Data into TaxCycle

Import Form T1T25 from Tallyfor to TaxCycle

1. Complete Tallyfor Trial Balance (data pulled from Xero, QuickBooks or Excel and tax categories mapped).
2. In the Tallyfor Menu Under "Export for TaxCyle" >Choose "Download for Tax (T1 Excel)", click ok.
3. In TaxCycle
   1. Select and open T2125 Form
   2. In Menu, go to Data, Import Excel Workbook, Select the exported Tallyfor File, Click Open.
   3. Voila, the data will import into the tax form.

Import Form T2 from Tallyfor into TaxCycle

1. Complete Tallyfor Trial Balance (data pulled from Xero, QuickBooks or Excel and tax categories mapped).
2. In the Tallyfor Menu Under "Export for TaxCyle" >Choose "Download for Tax (T2 GIFI CSV)"> click ok.
3. In TaxCycle
   1. Select and open Schedule 125 (S125).
   2. Drag the downloaded GIFI file from Tallyfor and drop on top of the S125 form in TaxCyle. A dialog box will ask "Import General Index of Financial Information (GIFI) data into this tax return?">Click "Yes".
   3. Boom - Tallyfor data will import into the form!