I'm using TurboTax for business for my Texas S Corp and I used it last year (and previous years). I'm using QuickBooks Online for my accounting software.
The problem is that after I file taxes last year, I made changes to 2023 entries. Now, this year, I start and it pulls in last year's tax return which provides all of the ending balances -- retained earnings in particular. But due to my changes in the 2023 entries the retained earnings for the end of 2024 does not agree with Quickbooks.
Is there a accepted method of reconciling these differences (I assume within Turbo Tax but perhaps it needs to be done in QuickBooks).
