Intuit Accountants News Central

Work Smarter with Lacerte’s® SmartMap + Trial Balance Utility

Article Post Date
February 2nd 2012 by Mindy King

The 2011 Lacerte® tax software now includes the Trial Balance Utility,* a time-saving feature that will enable you to work smarter, not harder.

With this feature, you can execute your most important trial balance work from within your Lacerte tax software. Develop a chart of accounts, adjust journal entries, manage tax line assignments and import client trial balance information directly from Quickbooks®, Microsoft Excel or EasyACCT … these are just a few of the things you can now do with your 2011 Lacerte tax software. And, any work you create in Trial Balance stays with that client and carries over from year to year.

Click below to watch a short demo by Bryce Forney, CPA, on how you can use this Lacerte feature to save time and improve efficiency while preparing tax returns.

The steps are also summarized below.

Step 1: Go to the Trial Balance Utility tab within Lacerte and import your client’s trial balance information from QuickBooks, Excel or EasyACCT.

Step 2: Adjust journal entries, review the data and make any adjustments as needed.

Step 3: Click on the SmartMap tool; the trial balance information will be “mapped” to the appropriate fields. It’s easy to map any remaining data yourself. Mapping carries over from year to year.

Step 4: When you’re ready, simply click “Post to Return” – it’s that easy!

*Lacerte Trial Balance is included in Lacerte 2011 for no additional charge for all Lacerte 2011 customers.

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  • About Mindy King

    Mindy King I'm a Content Marketing Manager in the Accounting Professionals Division at Intuit, and I focus on our Lacerte and ProSeries professional tax products. I'm an avid fan of social media, blogging and innovative thinking! See all of Mindy's articles…

    You can also visit Mindy's Website

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