Drake Software User's Manual Tax Year 2011 Supplement: S ...

Trial Balance Import: General ProcessYESPrepare to use TrialBalance Import990, 990‐EZ, or990‐PF return?NOCompare M‐1, line 1: Does trial balancematch Schedule M‐1, line 1?YES1120return?NO1120S & 1065:Were rental totals enteredin trial balance?‐ Enable Excel macros‐ Disable autobalance‐ Force Schedule L‐ Delete unnecessary detail worksheetsNOYESPopulate Trial BalanceTemplate(Import > Trial Balance Import)‐ direct entry data (cells with $0)‐ applicable detail worksheets‐ totals for:‐ depreciation‐ Schedule L‐ rentals (1120S & 1065 only)Populate Data EntryIMPORTNOMakecorrections inTB worksheetDid dataimportcorrectly?YESYESIs an M‐1adjustmentnecessary?NOGo to data entry anenter individualrentals on 8825 orRENT screens asapplicableDelete imported8825 and RENTscreensNOEnter any trial balance data that cannot beimported via Trial Balance Import‐ Screen SCH2 for Schedule L items‐ Screen 4562 for individual assets(depreciation)Adjustamountselsewhere indata entryMake M‐1adjustmentProcesscomplete!