Reports and tax
Reports, sales tax, VAT and GST, and year end.
Budgets and budget against actual
Plan each month by account, keep several versions of a year, and compare the plan with what really happened.
Canadian tax basics
Which return a sole proprietor, partnership and corporation files, the fiscal year, GST/HST registration, and filing dates.
Closing a financial year
How periods are locked, what closing a month does, how the balance sheet carries profit forward, and what reversing an entry means.
Deductions and credits
Which deductions and credits the Personal edition covers by country, and how to keep the receipts that support each entry.
Estimated tax payments
The quarterly due dates for estimated tax, how to record a payment, and why it is never an expense.
Export your books to your tax software
Make a trial balance file from your books to import into Drake Tax, Lacerte or UltraTax CS, then check it there.
Exporting a report to PDF, Excel or CSV
Save any main report as a PDF or an Excel file, and some as CSV, with the same figures you see on screen.
Filing a paper T1 return in Canada
How a paper T1 return is mailed in Canada, and why the tax centre depends on your province.
Forms 1099-NEC and 1099-MISC
Who gets a 1099, the reporting threshold, how to record a supplier's details, and the year-end list.
GST in India
CGST, SGST and IGST, place of supply, invoice rules, and the GST summary that the product shows for GSTR-1 and GSTR-3B.
GST, HST and PST
The sales tax types in Canada, how they vary by province, input tax credits, the GST34 worksheet and filing periods.
How long to keep records
The retention period for each country, what the product does to keep records, and when erasing a company is allowed.
Indian tax basics
The financial year, the return form for each kind of business, advance tax, and what the product does not do yet.
Keeping data in Canada
Where a Canadian company's records and backups are kept, and what has not been built yet.
Keeping data in India
Where an Indian company's files and snapshots are kept, the daily backup rule, and what has not been built yet.
Matching accounts to tax lines
Why each income and expense account needs a tax line, how to assign one, and how the tax-line report shows gaps.
Month-end checklist
What the checklist on Home checks, which items block closing, and what closing does.
Payroll liabilities in the books
Where withholding sits in the books, how deposits clear it, and the quarterly and year-end forms.
Personal and business money
Why household and business money should be kept apart, and how to record owner draws and contributions.
Personal return basics
What the Personal edition covers, where income, deductions and credits are entered, and what the product does not file.
Practice tools for accountants
The client list, accountant's copy, review notes, workpapers, jobs, contractor totals and consolidation, and what each one cannot do yet.
Prepare your 2026 Form 1040
How to start a return, fill it in with the interview or the forms, type over a figure, review it and print it.
Print and mail your US return
How to print the filing package, sign it, work out where to mail it and how to pay what you owe.
Recording personal income
How to record wages, interest, dividends and other income in the Personal edition, with the paper or slip that supports each figure.
Report builder, tracking and notes
Build your own report with the rows and columns you choose, save it, tag lines with tracking options and add notes.
Reviewing a client's books
A checklist for reviewing a client's books, how to read the edit history, and how to leave notes that stay with the entries.
T4 and T4A slips
Who gets a T4 or T4A slip, the February deadline, and the year-end list to prepare.
Tax codes, worksheets and local formats
How tax codes work, what the country packs and return worksheets hold, and how dates and numbers follow your country. Not yet complete on screen.
TDS
Tax deducted at source, the common sections, how to record a deduction, and the deposit and quarterly statement dates.
The dashboard, cash forecast, snapshot and quick answers
See your key figures on one screen, look ahead at your cash, print a one-page snapshot, and get quick answers.
The return worksheet
What the return worksheet lists for each country, how to read it, and how to hand it to a preparer.
The year-end package
The checklist, the reports to export, the snapshot to take, closing the months, and keeping records at year end.
Uploading your Indian income-tax return yourself
How you file an ITR on the income-tax e-filing portal yourself, and how e-verification works.
US sales tax
When you must collect sales tax, how to record it on an invoice, and what the sales tax worksheet shows.
US tax basics
Which federal return each kind of business files, when it is due, and how the books feed it.
Working with several clients
How a preparer works with several client companies, switches between them, and what the owner, accountant and viewer roles allow.