Lists the transactions already entered for this client in the Trial Balance journal.

• To edit an existing transaction, highlight it and then click the Edit button.
• To delete an existing transaction, highlight the transaction and click the Delete button. You will be prompted to confirm the deletion.

Enter the reference, date, and description for the journal entry.

• Reference (required field)
  

  Enter a reference of up to 9 alphanumeric characters. You can add an optional decimal point and up to 7 digits after the decimal provided that the total number of characters including the decimal is no greater than 9.

  If both a GL and Trial Balance CS client, keep in mind that reference numbers of 100 or greater are reserved for checks (unless specified otherwise in the General Ledger tab of the File > Client Properties dialog).

• Date
  Enter the date of the transaction in MMDDYY format. If you selected one of the date field options in the Adjusting Journal Entries Options dialog, the program will enter all or part of a date for you.
• Description
  Enter a short description (up to 120 characters) in this field. If you selected one of the description field options in the Adjusting Journal Entries Options dialog, the program will enter a description automatically.

Enter the account, amount, description, and workpaper reference in the appropriate columns.

• Account (required field).
  Enter the account number or choose it from the drop-down list. (In Edit mode, the description of the highlighted account is shown just below this grid, or the first account if none is currently highlighted.)
• Amount (required field).
  Enter the positive or negative amount. Enter the decimal manually unless you have selected the Implied decimal on amounts option in the Setup > User Preferences dialog. The program automatically enters a balancing amount on the subsequent line.
• Description.
  Enter a short description (up to 120 characters) for each distribution.

  Note: If you selected one of the description field options in the Adjusting Journal Entries Options dialog, the program will enter a description automatically. If no options are selected, this field defaults to the description from the previous line.

• WP Reference
  Enter a workpaper reference of up to 10 alphanumeric characters to supply an audit trail and represent where the journal entry originated. The workpaper reference will print on the Adjusting Journal Entry report.

Choose a journal entry type from the F4 drop-down list.

• Adjusting
  Posts entries to unadjusted balances so they become a part of the adjusted trial balance.
• Tax Adjustment
  Modifies the presentation of account balances to comply with taxing authority regulations.
• Reclassifying
  Used for financial statement purposes and not normally entered into the books.
• Potential
  Entries that need to be recorded at a later date. A potential journal entry can easily be converted to any other type of journal entry.
• Other
  If preparing a financial statement on another comprehensive basis of accounting, other journal entries combine with the adjusting trial balance to create the other basis trial balance.
• Budget
  A budget journal entry affects only adjusted budget balances. The adjusted budget type cannot be modified to include other entry types.
• Eliminating
  Used to eliminate balances between subsidiary clients for consolidation purposes. Eliminating entries are available only when consolidating clients are using account balances only. Note that for Engagement CS users, the Eliminating entry type is available only to those who have access to the trial balance or when the Add all journal entry types privilege is marked on the Engagements tab of the Group Privileges dialog (accessed from the Setup > System Configuration > Administration > Groups tab) for the group in which they are assigned.

Choose a journal entry type from the available options.

• None (default)
• Recurring
  The same entry will be repeated in each period until it is deleted. The transaction will appear as a recurring type with the period end date as the transaction date.
• Recurring Template
  Functions in the same manner as a Recurring journal entry, but the entry will appear with no amount each period and you will be prompted to fill in amounts.
• Reversing
  The exact opposite of the transaction that you enter in this period will be made in the next period. The reversing transaction will use the period end date as the transaction date and the reference will have a .1 added to it. Note that this type is only available when the Adjusting entry type is selected.

Schedule M-3 mapping is provided by the M-3 tax code assignment from the Chart of Accounts > Edit Schedule M-3 Tax Codes dialog.

For a Trial Balance CS client, further Schedule M-3 code mapping is provided when Tax Adjustment type adjusting journal entries are entered and posted. The Tax Adjustment transactions can be flagged as either permanent (default selection even if the adjustment does not affect a GL account coded with an M-3 tax code) or temporary.

• Tax Adjustment AJEs flagged as temporary are mapped to Schedule M-3, Column B.
• Tax Adjustment AJEs flagged as permanent are mapped to Schedule M-3, Column C.

This field is only available for a potential journal entry type.

Choose the type of potential journal entry by selecting it from the F4 drop-down list:

• Known Classification
• Known Misstatement
• Projected Classification
• Projected Misstatement

This field is only available for a 1120, 1120S, or 1065 client when the entry type of Tax Adjustment-Tax code is selected.

Choose to Include or Exclude journal entries by tax code in the following export files.

• UltraTax CS
• GoSystem Tax RS
• Lacerte
• ProSystem fx

Displays the effect of this current entry on the client's net income.

Displays the effect of this current entry on the client's net income.