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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