Intuit — Lacerte Trial Balance Utility

From
the August 2007 Review of Engagement & Trial Balance Systems

In mid-July, just as this article went to press, Intuit released a new component
to its Lacerte Tax application, the Lacerte Trial Balance Utility.
Lacerte Trial Balance Utility is a focused application that has been designed
primarily to efficiently group and adjust a client’s general ledger account
information so it can be used in a Lacerte tax return, supporting 1065, 1120,
1120S, 990, 1041, and Schedule C returns. Lacerte Trial Balance Utility has
minimal financial statement and reporting capabilities.

Lacerte Trial Balance Utility imports data from QuickBooks and EasyAcct, as
well as from Excel spreadsheets. The import capability has good features for
ignoring “junk” lines that should not be imported and can deal with
an Excel spreadsheet that has multiple worksheets. One interesting feature is
the product’s SmartMap feature. SmartMap was initially part of the integration
between QuickBooks and EasyAcct and Lacerte but has now been expanded to the
Lacerte Trial Balance Utility (Intuit received one of The CPA Technology
Advisor’s 2007 Tax & Accounting Technology Innovation Awards
for SmartMap (http://www.cpatechnologyadvisor.com/article/article.jsp?siteSection=1&id=1611).