Your fees are paid into your nominated account the SAME DAY as the client refund is sent. There is NO FASTER WAY for you to receive your fees.
This is the most frequently asked question. By arrangement with St George Bank each Practice is issued with their own secure individual FFR account. These accounts have No chequebooks or over the counter withdrawals. The only way money can be transferred is electronically which means St George bank hold all transaction information and records. There are also checks and balances within the system itself to protect you and FFR. You can also receive view only access codes to your FFR account allowing you to see all transactions anytime you need if required.
In the event that a client receives less than the fees, or in fact is a nil return client, FFR automatically writes to the client to advise them of the debt and an intending debit scheduled to recover the debt and also provides the client with a 1800 number direct to Fee From Refund customer support team should they wish to make alternative arrangements.
No. However you can become a signatory to the Fee From Refund Account if required.
The transaction fee is $12.00 including GST. We set our fee at this level after researching various Practices to discover that this is what it approximately costs to manage the fee From refund process in house. This alone makes the system cost neutral to your Practice with all the benefits of time saving, customer satisfaction, easy reporting and minimising bad debtors.
There is a full range of reporting available 24/7 including:
As the FFR system is electronic your client’s will receive their Tax Refund in the shortest possible timeframe being midnight the next working day from when the EFT report is loaded into the system. This report notifies the system that the ATO have made the relevant deposit into your FFR account and for whom it is for.
The Fee From Refund System has been developed to turn what is a manual process into an electronic process. Data is simply entered into the secure website. The practice then nominates the Fee From Refund bank account for the ATO to deposit the client’s refund. When the practice sets up the system within their office, they request an EFT Report from the ATO (a process that only takes a few moments and only needs to be done once). This report is the foundation of the Fee From Refund system and is the main time saving feature. The EFT Report identifies who the various deposits within your Fee From Refund account belong to and matches in the system via Tax File Number to ensure accuracy of transactions. The EFT Report can list one client’s refund through to thousands if applicable allowing you to process many customers refunds at the push of one button.
Yes. As your connection to the Fee From Refund system is managed from your Practice you can terminate at any time simply by discontinuing adding new customers on the site.
Upon FFR receiving your completed Free Trial Request we usually have you set up ready to go within 48 hours. Our team will provide you with your secure log in codes, along with a comprehensive user manual and everything you need to get started. We are also just a phone call away to assist you with anything you may need.
As the system is web based, once you are issued with your secure log in codes, you will have immediate access to the system. From there, you will need to enter your FFR bank account details into your tax software and request an EFT report from the ATO – this process usually only takes around 3-4 minutes.
There is a help desk available all year round and should you need to call, a human will answer your call and solve the question on the spot or get back to you as quickly as possible.
When you log in to the secure site, all data is protected by a 2048 bit SSL (Secure Sockets Layer) certificate. This is important as it keeps information sent to and receive from Fee From Refund to your browser encrypted and protected from unauthorised access.