Question

In: Accounting

information about how ( TRAIAL BALANCE) IN QUICKBOOKS can be used.

information about how ( TRAIAL BALANCE) IN QUICKBOOKS can be used.

Solutions

Expert Solution

To see one in Quick Books, go to the Reports menu and select Accountant & Taxes.Trial Balance. The bottom of the report should look something like this: The total of all debits and credits in your Trial Balance report must match exactly.

Intuit has rolled out a new Trial Balance feature in Quick Books Online Accountant with the intent of making it easier for accountants to move their client’s data into Intuit Tax Online. This actually has been available for at least a few weeks now, but they haven’t started promoting it until this week at Quick Books Connect. The idea here is that if you have a client using Quick Books Online, Intuit wants to make it easier for you to do all of the work that you need to do to prep that data for a tax return, saving you time and effort.

With the Quick Books Online Accountant Trial Balance feature, Intuit’s intent is to:-

  • Accelerate your year-end review process
  • Preserve your work (saving your notes, attachments and worksheets)
  • Eliminate manual data entry

Run A Trial Balance in Quick Books:-

  • Go to Reports in the left navigation bar.
  • Enter Trial Balance in the search box.
  • Change the Report period at the top.
  • Click Run Report.

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