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Product support for the Creative Solutions Accounting platform ended on September 30, 2020.
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For Write-Up CS or Trial Balance CS clients who are Schedule M-3 filers, the Schedule M-3 codes recorded in the Chart of Accounts > Edit Schedule M-3 Tax Codes cause the (adjusted) book amount to flow to Column A of Schedule M-3 regardless which basis is selected when importing amounts into UltraTax CS or GoSystem Audit.
Note: The Schedule M-3 tax codes are distinct from the regular tax code.
For Trial Balance CS clients only
- 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.
- The Schedule M-3 tax code can be displayed in the Trial Balance grid by making that column selection in the View Maintenance dialog.
- The Schedule M-3 tax code information can be displayed in the Chart of Accounts window by marking the Include M-3 code in account list checkbox on the Columns tab of the Chart of Accounts Options dialog.
Related topics
Chart of Accounts [Setup menu]
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