G/L Direct provides a link between accounting data and tax returns. Tax returns immediately reflect changes in a trial balance, eliminating the time required to transfer data from a trial balance to a tax return.
Tax codes are assigned to accounts. The tax code determines the schedule and line where the account balance appears on a tax return. A single tax code can be assigned to multiple accounts. Standard tax codes are provided to allow G/L Direct to quickly function with a wide variety of returns. You can create custom tax codes to address special situations that you or clients may encounter.
The chart of accounts, journal entries, trial balance, and tax codes data are displayed in grids. These provide a variety of review and edit tools to assist you in quickly locating areas of interest. You can edit information directly on the grids, and then review the changes to the tax return.