Summary
This document is a guide for preparing taxes using QuickBooks Online Accountant (QBOA). It outlines the steps necessary to create a seamless tax workflow for QBO clients, including those using QB Ledger. The guide details how to provide a trial balance view to review year-over-year changes in financial statements, adjust books with journal entries, and map general ledger accounts to tax lines in ProConnect Tax. It also includes instructions for creating standardized Excel workpapers, such as balance sheets and income statements, and emphasizes the importance of maintaining a living document that can be updated as processes improve. Additionally, it provides a checklist for automating the books to tax data import experience and creating tax returns ready for review. The document covers various aspects of tax preparation, including fixed asset management, tax mapping, and ensuring compliance with best practices throughout the tax preparation process.
