You can create, review, and edit both tax and adjusting entries on the G/L Direct Journal Entries grid. Entries can be made for the current year or the prior year.
Options, such as rolling entries forward to the next year, are provided to make preparation of your tax returns more efficient. Running totals of debits and credits assist you in maintaining a zero balance in the journals. You are allowed to create one-sided entries and out-of-balance entries if you choose.
Custom journal entries allow you to create repetitive entries for use in many tax returns. Custom journal entries can be created with or without amounts to allow flexibility in setting up repetitive entries. See Creating Custom Journal Entries for more information.