Calculation Method
We're using the default calculation method for each lender, exactly how each lender's calculator does it.
For example, ANZ defaults to take the most recent and therefore we do too. Same with Bankwest. We follow each lender's default method.
If you get this warning when you try and use the EasyCalc export function:
It means that you don't have Lender Default selected as your calculation method for self employed income. And to complete the export, change the calculation back to Lender Default.
We did this and blocked exports because the spreadsheet you export will display results that don't match Quickli and by changing the calculation method in Quickli you're essentially telling us to do the calculation differently to how the actual spreadsheet does it.
And the reason why we even have a 'Calculation Method' button in the self employed section for you to change how we calculate the income across the two years.
For example, if you want to see how the results change if you were to get a lender (eg, Westpac) to use the most recent year in isolation you would change the selection to "Latest Year".
Add Backs
We've carefully paid attention to how each lender handles add backs as well. Be sure to input these into the correct fields for both years.
Adding financial figures for the last two FY's will ensure Quickli is working with the most accurate information possible.
Questions
If you have any questions please reach out on the chat bubble in the bottom right hand corner of your screen ๐ค