TaxCycle preparers tell us they LOVE Auto-fill my return (AFR) in TaxCycle T1 because it makes their work easier, faster and more accurate. However, one of the challenges with reviewing data downloaded from AFR is reconciling it with the slips and statements your clients give you. The names on the statements are often different and divided up differently than in the AFR download. Reconciling these differences becomes more involved when you want to aggregate similar slips and retain those matches year-over-year, client-to-client. This is why we created SlipMatch.
The current beta version of SlipMatch automatically matches T3 slips downloaded from AFR with a list of fund company names we download into TaxCycle. (We have other plans for the service in the future.)
When you enable SlipMatch, TaxCycle connects with our web service to do the following things:
Rest assured, no identifying taxpayer information, no account numbers or box values from the slips are sent to our web service. We only receive the fund names and information about matching those fund names.
We’re debuting SlipMatch this season as a beta feature for T3 slips. If you want to try it, select this box before you download information.