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Common questions about Balance Sheets in ProSeries

by Intuit Updated 1 year ago

Common questions on the Balance sheet for Form 1120, 1120S, 1065, and Form 990.

  1. Open a Client File in either the 1120, 1120s, 1041, 990, or 1065 HomeBase View.
  2. From the Import menu, select Trial Balance Setup.
  3. Select the trial balance program from the Trial Balance Program list.  
    • If a program is not listed ProSeries is unable to import from that program.
  4. Click Select File and choose the location of the trial balance data file.
  5. Select the Automatically Update checkbox to update this client's tax return with trial balance amounts automatically when the import file changes.
  6. Click the button (Adjusted, Federal, State, or Other) for the type of basis to be used for this import procedure. The basis that you select determines which set of account values are used for this return
  7. When you finish the trial balance setup, click OK to save the setup information.
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