Working trial balance

Working Trial Balance (WTB) enables you to review your tax information in an accounting working trial balance format and displays prior year historical balances for comparison. The WTB shows the flow of the amounts on the books to the amounts on your tax return in a spreadsheet format conveniently on one page.
You can view the trial balance either by looking at all the information by the list of TRCs or looking at it by account numbert. You can also view underlying levels of detail by expanding lines on the WTB.
The following table shows the available tax return or schedule you can view.
Tax return
Schedules
Tax return
Schedules
1065
1065 Page 1
1125-A Cost of Goods Sold
Schedule K
Schedule L
Schedule M-1
By TRC
By Account
1120PC
Schedule A Taxable Income
Schedule C Dividends
Balance Sheet
By TRC
By Account
1120
Income Statement 1125-A Cost of Goods Sold
Schedule C Dividends
Balance Sheet
Schedule M-1
By TRC
By Account
1120S
1120S Page 1
1125-A Cost of Goods Sold
Schedule K
Schedule L
Schedule M-1
By TRC
By Account
1120L
Page 1 Taxable Income
Schedule A Dividends
Schedule B Investment Income
Schedule F Reserves
Schedule L
By TRC
By Account
You can also review Schedule M-2 line items and the chart of tax combination codes with the working trial balance.

Compute

After you finish reviewing the WTB, go to the Compute screen to transfer the amounts in the trial balance into the tax application.
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