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Importing QuickBooks Online Accounting Data


Ryanvv126

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I remember it being a mess about 18-20 years when it was first introduced , even if you mapped an expense to the correct tax line, the bottom line never matched.  We thought it was going to make business returns a piece of cake, the firm dropped it and went back to preparing returns the old fashioned way.

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I'll chime in too; I have NEVER liked the QB tax mapping/import.  Plus I find the online version even *more* fraught with problems.  Heck, I have QBO clients whose bank feeds mess up on a regular basis, and some of them just gave up and enter everything manually.  Faster and more accurate than fixing double entries and missed entries.  

Print out (even just to pdf) a good P&L and work from that.  You'll know where every entry came from and won't waste time chasing down irregularities.

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