Enter GIFI (General Index of Financial Information) codes on GIFI schedules S100, S101, S125, S141. Then enter the amount related to each code. To save time on data entry, you can also import GIFI from accounting or working papers software. To learn more, see the Import GIFI help topic.
To quickly Find a GIFI code tart typing a keyword from the description and TaxCycle will find the related code for you.
TaxCycle T2 validates GIFI codes that should generally be a negative number and shows a Quick Fix review message if the value is positive. For example, if the value for an accumulated amortization account appears as a positive, TaxCycle places a review message on the field.
To change the amount from a positive number to a negative number:
These Quick Fix messages will also show up in the Review sidebar (press F9 to open the sidebar).