Integration with UltraTax CS: Account balances

Steps in Onvio

Set up the contact with the correct tax entity.
Onvio entity type	UltraTax CS entity type
Individual	1040
C-Corporation	1120
Limited Liability Partnership	1065
Partnership	1065
S-Corporation	1120S
Sole Proprietorship	1040
Exempt Organization	990
Trust	1041
Select the
Trial Balance
tab to add and import accounts and balances.
Select the
Groupings
tab to add or modify one of the pre-defined tax grouping schedules that are unique to each tax entity.
In the
Groupings
tab, select the correct tax grouping schedule from the
Grouping Schedule
field.
Assign accounts from the Ungrouped account list to a specific tax form and line number in the Grouped Accounts list.

Steps in UltraTax CS

Verify that your UltraTax CS licenses are up to date.
o to
Utilities
Onvio Trial Balance (Import)
to import the contact's account balances based on the groupings that you've assigned.

Troubleshooting tips

Add a client:
Avoid using special characters such as a slash
/
or period
.
in the
Client name
or
Client ID
fields in the
Setup
Clients
screen.
Create the trial balance:
We recommend that you use account numbers in Onvio so that descriptions map correctly between years on subschedules in UltraTax CS.
Assign codes:
Be sure to assign tax codes to ungrouped accounts in the
Groupings
tab. (UltraTax CS requires this information to map each account to a corresponding form and line number correctly.)