Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Oct 15, 2021 3:39:04 PM

Importing Quickbooks into Turbotax for Business causes balance sheet out of balance error

2019 Quickbooks data was successfully imported into 2019 Turbotax for Business and return filed.  Importing 2020 QB data into 2020 Turbotax for Business causes the 2020 balance sheet to be out of balance.  Found that two 2019 expense amounts decreased after the 2019 return was filed.  Also found a weird 2019 closing entry to retained earnings that does not match the 2019 net income. Will making corrections to changed 2019 expenses and then re-import 2020 data in Turbotax fix the 2020 balance sheet out of balance error?

0 1 429
1 Replies
Level 15
Oct 16, 2021 1:18:28 PM


@EBiesiada wrote:

.......Will making corrections to changed 2019 expenses and then re-import 2020 data in Turbotax fix the 2020 balance sheet out of balance error?


If that does not work, you might want to contact phone support:

 

What is the TurboTax phone number? (intuit.com)