Prepayment worksheet
In addition to setting up Prepayment methods, the second step in the Prepayment process is populating the Prepayment Worksheet.
The following options are available for populating the monthly tax periods within the Prepayment Worksheet:
- Entering prepayment amounts
- Importing prepayment amounts
- Utilizing Retrieve Prior Year
These prepayment amounts can be done on a calendar or fiscal year basis.
Prepayments stored in the Prepayment Worksheet will carry into the binder for further review or changes prior to being transferred into the tax returns.