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Assurance11
April 26, 2019
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Discontinuation of Trial Balance questions QBO in the Accounting Community as Reputable Accounting Software

  • April 26, 2019
  • 2 replies
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I am Deeply concerned with the notice that QBO will be discontinuing the Trial Balance Report for QBO users.   Any educated accountant knows that a Trial Balance is the Heart of Accounting.  I understand that Intuit is trying to force its users to use its Tax Software.   However, a Trial Balance is used for WAY more that just for Tax purposes.  The removal of the Trial Balance makes question the legitimacy of QBO as a reputable and dependable accounting software.   Explaining to Auditors, etc that I can not provide them a Trial Balance because QBO does not understand the accounting principles of it, also puts into question the legitimacy of my accounting practice to my fellow colleagues. 

I ask that they greatly reconsider this discontinuation.

    Best answer by Angelyn_T

    Hi there, @Assurance11.

     

    Please allow me to help share information about the notice of discontinuation of QuickBooks Online Accountant old Trial Balance feature.

     

    Yes, the Trial Balance feature under the Accountant Tools in QuickBooks Online Accountant will be discontinued effective on May 31, 2019. However, this will be replaced by the new Prep for taxes feature.

     

    Just know that this discontinuation won't affect the Trial Balance report. You can still access and pull this report.

     

    Please don't hesitate to add a post/comment below if you have any other QuickBooks questions. I'll be always here to help you!

    2 replies

    Angelyn_T
    Angelyn_TAnswer
    April 26, 2019

    Hi there, @Assurance11.

     

    Please allow me to help share information about the notice of discontinuation of QuickBooks Online Accountant old Trial Balance feature.

     

    Yes, the Trial Balance feature under the Accountant Tools in QuickBooks Online Accountant will be discontinued effective on May 31, 2019. However, this will be replaced by the new Prep for taxes feature.

     

    Just know that this discontinuation won't affect the Trial Balance report. You can still access and pull this report.

     

    Please don't hesitate to add a post/comment below if you have any other QuickBooks questions. I'll be always here to help you!

      A
      Assurance11Author
      April 26, 2019

      Angelyn,

      I appreciate your response however you only repeated what the email issues this morning stated.    The fact that QBO states that is will replace the Trial Balance report with a "Prep for Taxes' proves that there is a lack of understanding the variety of ways that Accountants use the Trial Balance report.    I have 20 years experience working in Audit and Tax in large public accounting firms along with being a Financial Controller in the private sector.    A Trial Balance is NOT solely used for Tax Purposes.  Also practicing Accounts also know that downloading a Trial Balance at the current date will not help me with year end Financial Statement Audits.     I have already provided my Feedback as mentioned in the email issued this morning.  

      QBO has already forced my clients to upgrade and pay more with the new usage limitations.  Now they are taking away essential accounting reports.   So I am deeply concerned with the downward direction that QBO is taking.

       

      Thank you,

      Tricia

        Angelyn_T
        Angelyn_T
        April 26, 2019

        Hi there, @Assurance11.

         

        Thank you for getting back. I've now updated my answer above about the trial balance discontinuation notice. In case you have any other questions, just add a comment below. I'll be right here to help you.

         

        Have a great day ahead!

        CherylGrindell
        CherylGrindell
        April 29, 2019

        Hello @Assurance11 @Jasmineak4 @Glenn Bird @Angelyn_T

         

        I wanted to reach out to each of you to let you know that the Trial Balance report and the Adjusted Trial Balance report are not being replaced or discontinued. Both of these reports are and will continue to still be located under Reports > For my accountant.

         

        We had a feature called Trial Balance located under Accountant Tools that helps you prep clients tax returns. This feature was replaced by the feature called Prep for taxes. However, in the case of both features, the Trial Balance report has not been affected by this change.

         

        It looks like there may have been some confusion but I want to assure you that the Trial Balance report is here to stay.

          A
          Assurance11Author
          April 30, 2019

          Ms Grindell,

           

          I greatly appreciate your clarification on the issue regarding QBO's notice of the Discontinuation of the Trial Balance Report.   I hope though that this brings to greater light the rapidly growing concerns of accounting firms with QBO.   I highly suggest that QBO form a panel of Accounting Professionals to review its proposed changes and/or correspondence before they are implemented.  

           

          Thank you,

          Tricia

            M
            Malcolm Ziman
            April 30, 2019
            @Assurance11 wrote:

             I highly suggest that QBO form a panel of Accounting Professionals to review its proposed changes and/or correspondence before they are implemented.  

             

             

            The panel will not stop misunderstandings 

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