You can now import data from Xero into T2125 Statement of Business or Professional Activities and T776 Statement of Real Estate Rentals in TaxCycle T1.
Similar to the T2/T5013 GIFI import from Xero, you must first map the accounts in the Xero organization to facilitate the import. When mapping your accounts in Xero, first select T1 + T2125 (TaxCycle) or T1 + T776 (TaxCycle) as the tax form in the Xero Tax Mapper.
If you are a Xero partner, watch the video above or read the T2125 or T776 GIFI Import From Xero help topic.
Interested in becoming a Xero partner? As a current TaxCycle customer, if you join the Xero Partner Program, you may qualify for a shared pricing benefits by using both TaxCycle and Xero. Contact us to learn more.