Accounting CS and UltraTax CS integration: Best practices for tax codes

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UltraTax CS offers flexible and detailed tracking of assets, capital gains, retained earnings/partner's capital along with other fund balances. Because of this, it is best practice to exclude the tax codes areas listed below when importing from Accounting CS or Workpapers CS into UltraTax CS:

Note: In Accounting CS or Workpapers CS, assign either the 88888 or 99999 tax codes to these accounts to exclude them from importing. Tax code units should not be assigned to tax codes 88888 or 99999.

  • Tax code 88888 - account will print on the Tax Code Groupings Report in Accounting CS/Workpapers CS.
  • Tax code 99999 - account will not print on the Tax Code Groupings Report in Accounting CS/Workpapers CS.

Related topics

Tax code assignments for GL accounts

Assigning tax codes

Examples of tax code adjustment entries

Tax Codes screen or Firm Tax Codes

Tax Code Listing for Chart of Accounts Setup (PDF)

Tax Code Diagrams for Chart of Accounts Setup (PDF)

Internal notes

Accounting CS requires a FIRM database for integration and data sharing to work with UltraTax CS. THe format of the Accounting CS database name must be ACS_<FirmID>_Firm. (For example, ACS_0_Firm, ACS_999_Firm, ACS_798046_Firm). Also, integration and data sharing does not work if there are multiple FIRM databases.

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