Skip to main content

Legal

Tax & Accounting

Trade & Supply

Risk & Fraud

News & Media

Books

Developers

Integrate with CS Suite

Example: Using tax codes to import general ledger balances to multiple-unit input screens

This example illustrates how you can import general ledger balances from multiple clients in your accounting application into a single UltraTax CS client's tax return.
While this example refers to transferring balances from Accounting CS or Engagement CS, it also applies if you're transferring balances from another application that uses tax code numbers.
These applications include: CaseWare Working Papers, Client Ledger System, Accounting for Practitioners, Dillner's FCAS, ProSystem fx Engagement, Universal Business Computing Company, and Accountant's Relief.
An UltraTax/1040 client is the sole owner of several businesses:
  • Laundromat
  • Dry-cleaning service
  • Tailoring service
These businesses are maintained as 3 separate clients in your CS accounting application, and you want to transfer each business's general ledger balances into the UltraTax CS client's multiple units of Screen C.
To do this, each business needs its own unit number. After determining that the proper tax code for the 1st unit's gross receipts was 801, you assign the remaining tax codes.
The tax codes for gross receipts are assigned as shown in the following table.
Trial Balance Client
Schedule C Unit
Unit
Gross Receipts tax code
Laundromat
1
1
801
Dry-cleaning service
2
2
801
Tailoring service
3
3
801
You'll then need to select
Utilities
, either
Accounting CS (Import)
,
Workpapers CS (Import)
, or
Creative Solutions Accounting (Import)
, and choose the 3 accounting clients.

This article applies to:

  • Product: Accounting CS, UltraTax CS
  • Return type: 1040 Individual, 1120 Corporation
Chat now

error-icon

Triva isn't available right now.

Check out the support page for our phone number and hours

error-close