Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

Depreciation schedule not flowing to the balance sheet

TXBD
Level 2

Hi,

Can someone explain why, when I enter data into the federal asset entry worksheet in the 1120s, the depreciation schedule doesn't flow to the balance sheet? 

I am using Professional ProSeries 2024.

Thank you!

0 Cheers
4 Comments 4
Jim-from-Ohio
Level 12
Level 12

They do not flow to the balance sheet.. totals need to be input onto the balance sheet.

Accountant-Man
Level 13

Did you check the box Yes on the Accumulated Depreciation W/S to Enter on Balance Sheet?

The total assets must be manually entered on the B/S.

** I'm still a champion... of the world! Even without The Lounge.
TXBD
Level 2

Thank you so much!!

0 Cheers
TXBD
Level 2

Thanks, will look into that.

0 Cheers