Support CenterTrial Balance in TW Business packages
🔍 Trial Balance in TW Business packages
When you complete all entries on the Trial Balance, Sure-Fire carries these amounts to the appropriate line in the tax return for you. If you are importing General Ledger data, that data flows to the Trial Balance, then to appropriate entries throughout the tax return.
The Trial Balance worksheet is printed on two pages.
📊 Step-by-Step Guide
Step 1: Link to Form 8825 (Rental Income)
You can use this when you need to enter Rental Income Gross Income and related expenses.
You can link (press F9) on the RENTAL INCOME Gross Income entry field to open Form 8825. Gross rent and expenses are carried to the Trial Balance entries, and net income is carried to Form 1065, page 3, line 2.
Step 2: Link to Schedule F (Farm Income and Expenses)
You can use this when you need to enter Farm Income and Expenses.
Link to Sch F: You can link (F9) to open Schedule F, the Farm Income and Expenses worksheet, from the Trial Balance Worksheet. Make your entries there, and Sure-Fire carries the Gross Income and Total Deductions amounts back to the entries on the Trial Balance worksheet. Net income is also carried to Form 1065, page 1, line 5.
⚠️ Caution
If you open the Trial Balance Worksheet but make no entries, when you return to Form 1065, all the entries that would have been calculated from the Trial Balance Worksheet will be changed to calculated (yellow) entries. To change the entries back to green (non-calculated), delete the Trial Balance Worksheet, and then close and reopen the tax return.
Also, if you make some entries directly on Form 1065, and then open the Trial Balance Worksheet when you reopen Form 1065, your manual entries will be red, like entries that have been marked as Estimated.
📝 How Manual Entries and Trial Balance Data Interact
When there is manually entered data in an entry and Trial Balance data transfers to the same entry, Sure-Fire does two things:
✅ What Sure-Fire Does
- Manual data overrides Trial Balance data. The entry is automatically marked as Overridden.
- Sure-Fire flags the entry as "estimated." The Estimated status alerts you that there is a problem with the entry, and it will prevent the form from being checked off as Complete.
Step 3: Un-estimate and Allow Trial Balance Transfer
You can use this when an entry appears Estimated (red background) and you want Trial Balance data to transfer in.
The entry will appear Estimated (red background). Press SHIFT+F3 to "un-estimate" the entry. Then press SHIFT+F8 to allow the Trial Balance data to be transferred in. The entry should then look like a normal calculated entry (yellow text). The manually entered data will be lost.
💡 Recommendation
We recommend that you complete the Trial Balance Worksheet before making income or deduction entries on Form 1065.
📞 Still Need Help?
If you are having trouble, contact our support team:
Phone: 1-800-516-9442
Tags: federal,form