The General Index of Financial Information (GIFI) is a list of accounts and information that is found on financial statements. Each item on the GIFI account list has a unique code that you can match up with ledger account numbers from your chart of accounts. For example, the GIFI code for cash is 1001.

You must use GIFI codes when you submit financial statement information to the Canada Revenue Agency (CRA) for both paper returns and returns that you file electronically.

Note Note

For current information and regulations, contact the Canada Revenue Agency.

Before you can use GIFI codes

Refer to the following information to import GIFI codes into Microsoft Dynamics AX and then use them for financial reporting.

Import GIFI codes from the binary file

  1. Click > > > .

  2. In the field, enter a definition for GIFI codes.

  3. In the field, select the dimension focus that you set up for GIFI codes in the form.

  4. Click and select . For the file name, enter the location of the template for the file to import GIFI codes from the binary file.

  5. Click OK.

  6. Click to open the form.

Link ledger accounts to GIFI codes

  1. In the form, select ledger accounts to link to GIFI codes. For information about linking ledger accounts to GIFI codes, see Structure designer (form).

  2. When you have finished linking accounts to GIFI codes, close the form.

Create row definitions for financial statements with GIFI codes

You must set up a row definition for each set of GIFI codes that you will need for financial statements. For example, to print a balance sheet that includes GIFI codes for ledger accounts, you must up a definition with GIFI codes for the balance sheet. To print a profit and loss statement that includes GIFI codes, you must set up a definition with GIFI codes for the profit and loss statement.

  1. Use the form to create row definitions for a financial statement with GIFI codes.

Note Note

You will need to import the GIFI codes from the binary file and link ledger accounts to GIFI codes. For more information, refer to preceding information about importing GIFI codes and linking ledger accounts to GIFI codes.

  1. In the form, click to print a row definition structure report.

  2. Verify the general ledger accounts and the GIFI codes.

  3. Repeat steps 1 through 3 for each financial statement that includes GIFI codes.

Create and print financial statement reports with GIFI codes

Note Note

For general information about creating and printing financial statements, refer to Generate, print, and export a financial statement.

  1. Click > > > > .

  2. Select a financial statement.

  3. Select a GIFI row definition in the field for the financial statement.

  4. Enter additional information, as needed.

  5. Click OK.

  6. Verify information on the financial statement report.

  7. Repeat steps 1 through 6 for each financial statement that includes GIFI codes.

Export financial statement with GIFI codes to Microsoft Excel

Create an Excel spreadsheet to submit reports with GIFI codes to the CRA. You can submit a paper copy or you can enter information manually on the CRA Web site from the spreadsheet. If you or your tax accountant uses tax software, refer to those software instructions to submit financial statements.

  1. Click > > > > .

  2. Enter GIFI code information in the field and in the field.

  3. In the field, select .

  4. Select the tab and click the button.

  5. In the column, select and move it into the column.

  6. Close the form.

  7. On the tab, enter the location to export the financial statement to and the name of the export file; for example, C:\CA_GIFI Excel export.

  8. In the field, select .

  9. Click OK.