The Income Tax Preparation Dashboard

The Income Tax Preparation Dashboard is similar to the Income Tax Dashboard with a focus on tax lines. The left-side of the dashboard contains the various tax lines (an Income Tax Trial Balance). The right sub form contains the accounts included on each tax line. Drilldown capability to the original entry form is provided via the Entries Drilldown button or F3.

A video on this Help Topic is available on our Video Page.

The Drake Software import is expecting tax lines, therefore tax line assignments must be completed. The Lacerte Trial Balance Utility and CCH is expecting account information. Therefore, tax line assignments are not required if exporting to Lacerte or CCH.

Note: If you use the Tax dashboards, tax line assignments must be completed to compute taxable income, found on the footer section of these dashboards.

The export file formats are:

• Drake: Text file
• Lacerte: Excel
• CCH: Excel 

The Income Tax Preparation Dashboard contains two sub-forms; left and right or Tax Lines and Account Assignments. Navigate between the sub-forms using the Tab key. The active sub form has alternate row shading in pale green, while the inactive sub-form has alternate row shading in grey.

The Tag checkbox on the can be used for anything at all. Typically, it is used to indicate that the associated tax line has been entered into a tax return. The Tag can be toggled using the Enter key, while the left sub form, Tax Lines, is active. The mouse can be used to check the boxes as well. If the tax line balance changes after tagging the account, the tag will display a black square.  All Tags can be reset using the Rest button in the header of the form, or pressing Alt-R.

Use the search icon, found on the Accounting, Tax and Tax Prep dashboards, to locate any transactions using dates, amounts, or keywords. 

A video on this Help Topic is available on our Video Page.

Account history is available for the selected account on the right sub form via the History button or the F2 key. 

   

Use the Engagement Documentation dashboard to associate client documents and notes with objects in BalanceWare.

Notes and documents can be linked to the following items (on a per client basis):

• Any journal entry (no icon, double click on preparer notes instead)
• Any cash disbursement batch (no icon, double click on preparer notes instead)
• Any other document (using the Documents button from the Client tab)
• Any BalanceWare form (using the icon, below)

 Look for the Engagement Documentation icon on BalanceWare forms.

 

Clicking the icon will open the Engagement Documentation dashboard. In the case of journal entries and cash disbursement batches, double-clicking on the Preparer Notes field accomplishes the same. Once open, click on any attachment to open the document.

Engagement Documentation Dashboard (with callouts)

See the Review Notes button on the Client Tab for reviewing notes from all sources within BalanceWare. 

Note: to maintain link integrity, do not manage documents from Windows Explorer. Moving or deleting client documents may break links. Documents can be edited and documents can be added using Windows Explorer, but do not delete or move documents or folders. Broken links will be placed in a special folder in the Documents treeview called "Orphans" and can be relinked from this special folder.

Income Tax Preparation Dashboard

Export to Income Tax Software 

Income tax information can be exported to a file from the Income Tax tab of the ribbon. The export can be imported into Drake Tax Preparation software, or any income tax software that provides a QuickBook Tax Summary import method. Follow the Drake instructions for importing a QuickBooks Tax Summary file.

The adjusted tax balances can also be exported to the Lacerte Trial Balance Utility and the CCH ProSystem fx Engagement or Workpaper Manager

The Drake Software import is expecting tax lines, therefore tax line assignments must be completed. The Lacerte Trial Balance Utility and CCH is expecting account information. Therefore, tax line assignments are not required if exporting to Lacerte or CCH.

Note: If you use the Tax dashboards, tax line assignments must be completed to compute taxable income, found on the footer section of these dashboards.

The export file formats are:

• Drake: Text file
• Lacerte: Excel
• CCH: Excel 

Support Ticket 

Submitting a support ticket is the best way to expedite your issue. The support ticket automatically includes information we need to service your installation properly. By submitting a support ticket, we won't have to ask you all the preliminaries and, if you add a brief description, we will be better prepared to get to the heart of the matter ! We receive your ticket immediately upon submission and will respond ASAP; usually within minutes. Submit your support ticket from the About form on the Help tab.

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