Our ATO Community is here to help make tax and super easier. Ask questions, share your knowledge and discuss your experiences with us and our Community.
I submitted my returns on 17 July; today I am noticing status changed to "In Progress" and Outcome "Balancing account"...
May I know what does it mean and how many days it may take from now, to get the return finalised and / or credited to my account?
How long should we see "balancing account"?
If this means the lodgement is in the final stages should my status still be showing this for over a week? (I also submitted in early July).
Given that most returns take around two weeks, which has been the case for me in previous years I'm now up to 3 weeks and counting and has me concerned.
Three weeks is still within normal processing and there is no need for concern.
During early lodgement our workload is high so processing slows down alittle for everyone.
This is also seen at the end when some people wait till the due date to lodge.
If we take more than a month you can call us and we'll look into it for you.
Other than that please make sure your contact details are up to date so if wee need to contact you we can.
That's the best way to prevent delays.