Answered: Re: Depreciation schedule not flowing to the balance sheet

TXBD

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!

Accountant-Man

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.

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Jim-from-Ohio

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

Accountant-Man

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

Thank you so much!!

TXBD

Thanks, will look into that.

Depreciation schedule not flowing to the balance sheet

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