QuickBooks Desktop – Export Directly to Tax Software Lacerte

QuickBooks Desktop – Export Directly to Tax Software Lacerte

QuickBooks Desktop – Export Directly to Tax Software Lacerte

How to set up tax line mapping for a sole proprietorship and S Corporation & export data to tax software

Language: english

Note: 4.7/5 (22 notes) 17,895 students

Instructor(s): Robert (Bob) Steele

Last update: 2020-12-04

What you’ll learn

  • Options to get access to QuickBooks Desktop including a free 30 day trial
  • How to setup tax line mapping in the chart of accounts for a sole proprietorship
  • How to export data from QuickBooks Desktop to tax software for an S Corporation
  • How to export data from QuickBooks Desktop to Excel For an S Corporation
  • How to setup tax line mapping in the chart of accounts for an S Corporation
  • How to export data from QuickBooks to tax software for an S Corporation
  • How to export data from QuickBooks to Excel for an S Corporation
  • How to enter adjusting entries and tax entries for an S Corporation

 

Requirements

  • None

 

Description

The course will discuss options for getting access to QuickBooks desktop software including a free 30-day test period offered by Intuit, the owners of QuickBooks Desktop.

Learners will know how to set up tax line mapping for a sole proprietorship and S Corporation, tax line mapping allowing users to export financial data from QuickBooks directly into tax software.

We will be using Lacerte tax software for our examples. Lacerte tax software is owned by Intuit and a 30-day free trial may be available to test out Lacerte tax software as well.

We will export financial data from QuickBooks to Lacerte tax for both a sole proprietorship and an S Corporation.

The course will also demonstrate how to export financial data to Excel and create supporting tax worksheets that show tax adjustments and reconcile financial statements for book purposes and financial statements for tax purposes.

 

Who this course is for

  • Accounting Professionals
  • Bookkeepers
  • Tax Professionals

 

Course content

  • Overview
    • .20 Download Free or Paid QuickBooks Pro 2021
    • .30 Install QuickBooks Pro 2021
    • .40 Increase Size of Icons
    • 1205 Tax Line Mapping Overview
  • Tax Line Mapping – Review Chart of Accounts for Sole Proprietorship
    • 1210 Tax Line Mapping Examine Chart of Accounts After setting up New QuickBooks
    • 1215 Tax Line Mapping Form 8829 Expenses for Business Use of Your Home
  • Export From QuickBooks to Tax Software (Lacert) & Excel
    • 1220 Tax Line Mapping Export to Tax Software (Lacerte)
    • 1225 Tax Line Mapping Export Trial Balance to Excel
    • 1230 Tax Line Mapping Format Trail Balance in Excel
  • Adjustment for Business Use of Home, Meals, & Charitable Contributions
    • 1235 Tax Line Mapping Tax Entry for Business Use of Home
    • 1240 Tax Line Mapping Tax Entry for Meals
    • 1245 Tax Line Mapping Charitable Contributions
  • Tax Line Mapping For S Corporation Overview
    • 1250 Tax Line Mapping Setup New QuickBooks File S Corporation
  • Add Accounts, Tax Mapping, & Data to QuickBooks
    • 1255 Tax Line Mapping Enter Accounts, Tax Mapping, & Data
    • 1260 Tax Line Mapping Enter Account Balance Data
  • Export From QuickBooks to Tax Software (Lacert) & Excel
    • 1265 Tax Line Mapping Export Data From QuickBooks to Tax Software
    • 1270 Tax Line Mapping Export Data From QuickBooks to Excel S Corp
    • 1275 Tax Line Mapping Format Tax & Adjusting Entry Excel Worksheet
  • Adjusting Entries for Depreciation
    • 1280 Tax Line Mapping Adjusting Entry Depreciation Overview
    • 1285 Tax Line Mapping Adjusting Entry Book Depreciation
    • 1290 Tax Line Mapping Tax Entry Tax Depreciation
  • Unassigned Accounts & Sch. K Adjustments
    • 1295 Tax Line Mapping Map Unassigned Accounts in Tax Software
    • 1305 Tax Line Mapping Schedule K Adjustment for Dividend & Interest Income
    • 1310 Tax Line Mapping Schedule K Adjustment Charitable Contributions
  • M-1 Adjustments, Balance Sheet, & Officer Compensation
    • 1312 Tax Line Mapping Schedule M-1 Adjustment Meals
    • 1315 Tax Line Mapping Schedule M-1 Reconciliation
    • 1320 Tax Line Mapping Officer Compensation
    • 1325 Tax Line Mapping Tax Balance Sheet Schedule L
    • 1330 Tax Line Mapping Tax Exempt Interest Adjustment
    • 1335 Tax Line Mapping Bad Debt M-1 Adjustment

 

QuickBooks Desktop – Export Directly to Tax Software Lacerte

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