5. Choose Reports > Accountant & Taxes > Account Listing.

6. Review the Tax Line column for each Account.

7. If one of the lines is Unassigned or incorrect, double-click on the line.
   Tip for Form 1040 "Schedule C Profit or Loss From Business:" Select only Profit and Loss accounts, such as Income and Expense. Balance Sheet accounts, such as Asset and Liabilities do not need to be transferred and should be Unassigned.

8. In the Edit Account window, click the drop down list and select the correct Tax Line.

9. Choose OK.

10. Repeat steps 7 through 9 for each Account/Tax Line that needs to be changed.

• Use the EasyStep interview. The first import screen is right after Transfer from Prior Year.
  
  OR

• Choose Import > Update Return with QuickBooks Data.

• Follow the on-screen instructions.

5. For users of QuickBooks 1999: From the Reports menu, choose Profit & Loss > Standard. For users of QuickBooks 2000, 2001, 2002, and 2003: From the Reports menu, choose Reports > Company & Financial > Profit & Loss Standard.

6. After the report displays, change the From and To dates to match your tax year. If you are a calendar year tax entity, select 1/1/02 to 12/31/02.

7. Print the report to paper.

8. If you are a corporation or partnership, choose Reports > Company & Financial > Balance Sheet Standard. (For users of QuickBooks 1999: From the Reports menu, choose Balance Sheet > Standard.)

9. After the report displays, change the As of date to match your tax year. If you are a calendar year tax entity, select 12/31/02.

10. Print the report to paper.

Open the form you want to verify. Compare amounts from the two QuickBooks reports you printed to paper. For example, compare Form 1040 "Schedule C Profit or Loss From Business" to the QuickBooks Profit & Loss report.

• If income or expense amounts are different, verify the QuickBooks reports and the tax forms are using the same basis (that is, Cash or Accrual).

• If some expense amounts are different, the difference may be due to IRS rules and regulations. For instance, Meals and Entertainment have IRS limitations.

• If you have depreciation expense in QuickBooks, the amount is not transferred to the tax software. You have to enter your asset information in TurboTax or ProSeries Tax. You can also enter assets in ProSeries Fixed Asset Manager and perform "Fixed Asset Import" into ProSeries Tax.

• If you discover an account and amount that should have been transferred from QuickBooks, see How do I set up QuickBooks to transfer income tax information into TurboTax 2002 or ProSeries Tax 2002?