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This article applies to:

  • Product: UltraTax CS
  • Return type: 1040 Individual,1120 Corporation,1065 Partnership,1041 Fiduciary,990 Exempt Organization,5500 Beneficiary Plan,706 Estate Tax,709 Gift Tax,2290 Heavy Vehicle Use Tax,Personal Property Tax
  • Subject: Proforma

Address assets that didn't proforma in a client

If some or all the assets in an UltraTax CS client are missing and didn't proforma, do the following. Your options vary, so review each section to determine what course of action to take.

File locations

Make sure your file locations are pointing to the correct location. This is especially important if you see that assets didn't proforma for multiple clients.

Re-proforma

If you haven't worked in the client yet, or if you don't mind starting over with a freshly proforma'd client, you can re-proforma. Because of the way depreciation proformas, you'll need to delete the current-year client before you proforma again.
  1. In the current year, open the client and go to
    File
    , then
    Delete Client
    .
  2. If you're using Fixed Assets CS or SaaS, mark the
    Delete Fixed Assets CS client data
     checkbox.
    note
    This checkbox is only present if you use Fixed Assets CS or SaaS. If you don't mark this checkbox, the deprecation folder won't also be deleted and this can cause problems when you re-create and proforma the client again.
  3. Select
    Delete
    .
  4. In the current year, select
    Utilities
    ,
    Proforma
    , then select the client and proforma.
If you don't want to delete and re-proforma, you can proforma a copy of the prior-year client then copy/paste the assets from the copied client into the actual client.
Proforma a copy of the prior-year client
  1. In the prior year of UltraTax CS, select
    File
    , then
    Backup
     and backup the client.
  2. Open the client in the prior year of UltraTax CS.
At this point, either the client will either open or you'll get a warning.
Client opens with no warning
  1. Select
    File
    , then
    Save As
    , and make a copy of the client.
  2. The new copy client will automatically open. Select
    File
    , then
    Print Returns
    , and preview the client.
  3. Review the federal and state asset reports to verify that the depreciation amounts are correct.
  4. Close the client.
  5. Open the current year of UltraTax CS and select
    Utilities
    , then
    Proforma
    .
  6. Select the copied client you created in step 2 and select
    Proforma
    .
  7. In the current year of UltraTax CS, open the copied client and review the assets. Make sure all the assets are present.
  8. In the current year of UltraTax CS, copy the assets from the copied client to the original client.
  9. Delete the copied client from the current year and prior year of UltraTax CS.
  10. If you're concerned about the original client re-calculating, restore the original client from the backup.
Warning appears
  1. Select
    Replicate client with cleared status events
     then
    Replicate Client
    .
  2. Enter a new Client ID and select
    Save
    .
  3. The new copied client will automatically open. Select
    File
    , then
    Print Returns
     and preview the client.
  4. Review the federal and state asset reports to verify that the depreciation amounts are correct.
  5. Close the client.
  6. Open the current year of UltraTax CS and select
    Utilities
    , then
    Proforma
    .
  7. Select the copied client you created in step 2 and select
    Proforma
    .
  8. In the current year of UltraTax CS, open the copied client and review the assets. Make sure all the assets are present.
  9. In the current year of UltraTax CS, copy the assets from the copied client to the original client.
  10. Delete the copied client from the current year and prior year of UltraTax CS.

Fixed Assets CS: Re-close period

If you're licensed for Fixed Assets CS, you may re-close the client to the current year.

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