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?
posted
October 15, 2021
3:39 PM
last updated
October 15, 2021
3:39 PM