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G/L Direct electronically transfers year-end data from your accounting system to ProSystem fx Tax, streamlining the book-to-tax process. With features that are integrated directly into ProSystem fx Tax, federal business tax return preparation is completely automated.
With G/L Direct, the transition from book to tax is smooth and efficient. Year-end data is imported and stored in the ProSystem fx Tax return, where it can be viewed and edited in trial balance worksheet grids. G/L Direct accurately handles journal entries and produces relevant trial balance worksheets and book-to-tax workpapers. And when you’re ready, the Data Transfer feature will merge trial balance data with the tax return.
After the data transfer, G/L Direct maintains a bi-directional flow of data between G/L Direct and the tax forms. This means that specific changes will automatically generate tax journal entries that can be transferred back to G/L Direct…ensuring your calculations are accurate.
"G/L Direct" is part of the ProSystem fx TAX line of products, developed by Wolters Kluwer, CCH.