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sch l ties to asset entry


grandmabee

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Lion is sort of correct.

ATX has added a balance sheet input sheet that now feeds to the Schedule L. the check box he is talking about is now on this sheet. Click down (via the brown rabbit on the side of the cell) to the balance sheet input sheet and then this check box is at the top of the page.

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This trial balance worksheet seems to me to be another way ATX and Taxwise are getting more similar. We used to use Taxwise before we switched to ATX, and they had a trial balance worksheet. Of course, theirs was a true trial balance where you could put income and expense figures as as balance sheet numbers. I don't know if it still works that way, but that was one of the features I really liked about Taxwise. If we did the accounting and had a trial balance, doing the corporate return was a simple matter of filling in that worksheet and answering some questions.

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