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

Alerts and notices

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:

  • All entities:
    • Depreciation amounts
    • Capital gains - specifically book figures for the sales of capital assets
    • Section 179 expenses
  • 1120/1120S - Retained earnings
  • 1065 - Partners capital account
  • 990 - Unrestricted fund balances, accumulated income, other funds

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.

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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