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Tax adjusting entries

You can record book and tax adjusting entries in Adjustments at either the account or group level. For group-level tax adjustments, first select the appropriate tax grouping structure.

The Group Structure drop-down menu, open with Financial Groups - Default selected and C Corp, S Corp, and Partnership listed.

Tax reclassifying and book-to-tax adjusting entries appear in separate columns in the tax reconciliation on the Data page.

The Tax reclassifying and Book-to-tax reconciliation columns in the C Corp trial balance, next to the Tax Final column.

For more information, see Post adjustments to the trial balance.