George4Tacks
Level 15
12-07-2019
12:13 AM
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The program does not compute beginning partner beginning capital account balance. Last year it would have computed an ending balance and possibly it brought forward an incorrect amount. Go into each partner account and enter the correct beginning balance.
Across the top are Profile, Input Return Special Allocations .... Select Special Allocations and you can enter the beginning balance for each partner. That is also where you would make specific allocations of various items of income and expense PER PARTNER, being very careful that they properly total out to the amount computed by the program.
Answers are easy. Questions are hard!