Create and edit chart of accounts
note
The following fields are required: account number, account description, TRC (tax return code), TCC (tax combination code)
Create chart of accounts
- SelectCharts,Federal, and thenAccounts and Adjustments.
- SelectAdd Chart.
- Enter the year and name.
- ForMaster Chart, selectIncome TaxorProvision.
- To copy an existing chart of accounts, select a chart of TCC to copy.
- SelectSave.
Deleting a chart of accounts
Once you create and assign a federal chart of accounts, you can't delete it until you first delete all binders that contain a trial balance that used this chart.
When editing and deleting accounts, consider accounts that are mapped in the federal chart of account cross-referencing. If you've previously mapped a prior year federal chart of account to the deleted account in the current year federal chart of account, then you must re-map to another account in the respective chart. This maintains the expected historical tax adjustment and prior year columns on the working trial balance (WTB) and reports.
Transfer TCC 001 detail to Organizer
For charts of accounts created manually or by rollover, TCC 001 descriptions and amounts default to not transferring to the detail boxes in the Organizer.
- Go to .
- Select the year, the specific chart of accounts, thenMore.
- SelectClosing & Rounding Optionsfrom the dropdown.
- MarkTransfer TCC 001 Detail.
- SelectSave.
