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How do I resolve differences between QB and Turbotax for Retained Earnings
I am finding discrepancies between Tax Return and Books when using TT for Business when I get to the Reconciliation of my Balance Sheet and Retained Earnings. I imported my QB data into Turbotax and had a $4 difference in my Balance Sheet between TT and QB. Now I have a larger ($600) difference in my retained earnings between Books and Tax Return.
I assume that there are entries in QB that didn't get mapped to TT, but not really sure of how to go about finding these or if it's an entirely different problem.
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‎January 4, 2021
3:03 PM