Skip to main content

Legal

Tax & Accounting

Trade & Supply

Risk & Fraud

News & Media

Books

Developers

Leadsheets

Prior Year amounts in Leadsheets

Two Year Comparison

The
Two Year Comparison
 sheet compares the 1040 amounts between the current year versus the prior year. Two Year Comparison also lets you analyze the difference in income for each line of Form 1040.
CCH Axcess Tax and ProSystem fx Tax
CCH Axcess Tax and ProSystem fx Tax binders will show the following columns for review:
Column
Description
[Current Year]
Shows the current year's amounts and details.
[Prior Year]
Shows the prior year's amounts and details.
Difference
Shows the difference based on amount value.
Difference %
Shows the difference based on percent.
Missing
Shows the number of prior year accounts that are missing in the current year.
Received
Shows the number of prior year accounts that are also received in the current year.
N/A
Shows the number of prior year accounts missing in the current year. However, the client has verified that the accounts are not applicable this year.
New Accounts
Shows the number of new accounts received this year for the first time.
Comments
Lets you add a comment if necessary. Adding a comment helps preserve the entity for the reviewer irrespective of deleting it from the binder Input Forms or the tax software when you import TR.
UltraTax CS, Lacerte, and GoSystem Tax RS
UltraTax, Lacerte, and GoSystem binders will show the following columns for review:
Column
Description
[Current Year]
Shows the current year's amounts and details.
[Prior Year]
Shows the prior year's amounts and details.
Increase/Decrease
Shows the difference based on amount value.
You can also select the Reference Link icon to view either an individual leadsheet for that specific line or the source documents.

Individual Leadsheets

The prior year amount will be displayed against the current year's fields for all the individual sheets like wages, interest, dividends.
Column
Description
[Prior Year] Amounts
Shows the amount earned or expended in the prior year for that account (CCH Axcess Tax and GoSystem Tax RS only).
X if missing in the current year
Shows 'X' if the current year amounts are missed but the amount was present in the prior year
Comments
If the client verifies that the account isn't applicable for the current year, then you can select the option
Taxpayer confirmed this account is N/A
. Once you select the comment from the dropdown menu the
X
 select from the
X if missing in current year
 column will be removed.
Example: Interest 1 account has been received, Interest 2 is missing, and Interest 3 is N/A. This is reflected on the Two Year Comparison sheet.
You can dismiss the missing item by selecting a comment from the
comments
 cell. Selecting a comment helps preserve the prior year's amount and track the reason behind a missing form entity.

Additional notes

  • By default, prior year amounts are not enabled for the
    Cash Flow Reconciliation Two Year Comparison
     leadsheet. To populate prior year data in the
    Cash Flow Reconciliation Two Year Comparison
     leadsheet, contact SurePrep Support to enable prior year import of tax return.

This article applies to:

  • Product: SurePrep
  • Sub Product: SPbinder
Chat now

error-icon

Triva isn't available right now.

Check out the support page for our phone number and hours

error-close