The Finalise FY checklist shows what needs attention before you rely on Navexa’s tax reports for a selected financial year.
Open The Checklist
The Finalise FY checklist appears on the Tax Overview page.
To open it:
Select the portfolio you want to review.
Open Tax Reporting from the left-hand menu.
Select Overview.
Choose the financial year you want to review.
Make sure you select the financial year you are preparing. For example, after 1 July, Navexa may open on the new current financial year. If you are preparing last year’s tax return, select the previous financial year from the dropdown.
What The Checklist Shows
The Finalise FY checklist shows items that may affect the tax reports for the selected financial year.
The checklist may include:
Missing AMIT statements for ETFs, managed funds, or trusts.
Unconfirmed dividends that need to be reviewed.
Holdings needing attention because trade history or holding data may be incomplete.
Confirm your earlier years as lodged where earlier tax history affects the selected year.
You can still open tax reports before every checklist item is resolved. However, unresolved items may make the reports incomplete or less accurate.
Missing AMIT Statements
Missing AMIT statements appear when Navexa needs annual tax statement details for ETF, managed fund, or trust-style investments.
AMIT means Attribution Managed Investment Trust. AMIT or AMMA statement data can include tax components that are not always available from ordinary dividend or distribution records.
Navexa may ask for AMIT details for holdings such as ETFs or managed funds because these can affect:
taxable income
trust income
capital gains components
foreign income
tax offsets
cost-base adjustments
Select Review or Enter AMIT beside the checklist item to open the relevant holding. From there, enter the AMIT statement details for the financial year shown.
If you are new to Navexa and have imported historical data, you may need to enter AMIT statements for multiple previous years. This is expected when those historical years affect the tax reports you want to prepare.
You can usually find AMIT or annual tax statements in your share registry, broker account, fund provider portal, or email inbox.
Unconfirmed Dividends
Unconfirmed dividends appear when Navexa has dividend or distribution records that need review before being treated as final for tax reporting.
This can happen when income has been imported, synced, or created automatically but still needs confirmation.
Select Review beside the checklist item to inspect the unconfirmed dividends. Check details such as:
payment date
ex-dividend date
gross amount
franking credits
net amount
reinvested amount, if relevant
Once the dividend details are correct, confirm the records. Confirmed dividends are then treated as resolved for the selected financial year.
Holdings Need Attention
Holdings need attention when Navexa detects a holding issue that may affect tax calculations.
For example, this can happen if a sell trade exists but Navexa cannot find enough earlier buy trades to calculate the cost base. This may cause the holding balance, realised gain, capital loss, or cost base to be incorrect.
Select Fix beside the holding to open the relevant holding or issue area. Review the holding’s trade history and check that:
buy trades are present
sell trades are recorded correctly
quantities, dates, prices, and brokerage are correct
transfers, mergers, or other adjustments have been entered where needed
Holding issues are usually fixed outside the tax report itself. However, they appear in the Finalise FY checklist because they can affect the tax report for that financial year.
Confirm Earlier Years
Confirming earlier years tells Navexa that your earlier tax history can be used as the starting point for the selected financial year.
Navexa may ask you to confirm earlier years when previous financial years affect the year you are preparing. This can happen when you have:
carried-forward capital losses
previous sales that affect holdings you still own
earlier Capital Gains Tax (CGT) method choices that affect current cost bases
CGT means Capital Gains Tax. It is the tax treatment applied to gains or losses from selling investments.
When you select Confirm, Navexa may ask you to enter a carried-forward capital loss balance and confirm the CGT method used on earlier sales.
The carried-forward capital loss field is for the balance from your last lodged tax return, usually from ATO label V. Navexa carries this balance into the selected financial year and later years.
Confirming earlier years in Navexa does not lodge your tax return. It records the earlier-year setup needed for Navexa to calculate the selected financial year from a reliable base.
Work Through Each Item
The safest workflow is to complete the checklist from top to bottom.
Use this process:
Confirm the selected financial year.
Review each checklist item.
Select Review, Fix, Enter AMIT, or Confirm where shown.
Resolve each issue in the area Navexa opens.
Return to Tax Reporting > Overview.
Check that the checklist item has updated.
If you have several years of historical data, start with the earliest year that needs attention and work forward. Older financial years can affect later years through cost bases, CGT methods, and carried-forward losses.
When The Year Is Ready
A financial year is more reliable for reporting once the Finalise FY checklist items have been resolved.
Before using the reports, check that:
the correct financial year is selected
AMIT and annual statement items have been entered where needed
dividends and distributions have been confirmed
holding issues have been fixed
earlier years have been confirmed where required
CGT settings match how you want Navexa to calculate gains and losses
After that, open the relevant report from the Reports row, such as ATO MyTax, Capital Gains Tax, or Taxable Income.
Remember, this is general information, not personal financial advice.