Templates

[pcosten]

I am a new customer with ATX and converted my last years files. I created a template for tax returns. Am I able to rollover last years returns to a newly created template?

Pcosten

[kcjenkins]

No, templates are used to quickly pull up a 'set' of forms for a new client. For a prior client, you don't need that, because when you roll over last year's return, it will pull forward all the forms in last year's return.

So you might set up a template for a new client with a Sch E, another for a new client with a Sch F, etc. In those templates, you would have the 1040, Sch A perhaps, Sch E or F, 4562 and asset entry, SE, state forms, client letter, state letter, billing form, efile forms, perhaps, etc. Then, when a new client comes in with rental properties, you just select Templates, the one named New w/E, and you are ready to start entering data.

For prior clients, be sure you open the 2006 converted file, and make sure that it contains all the forms you think should be in it, BEFORE you roll it over. At that time, you might want to add the "Comparison' form, so that it will roll over with the 2006 info in the Prior column. This year, it will make it easy, then, to compare changes, and easily show a client why their refund is a lot higher or lower than next year. If it's not in the 2006 file, you can add it to this year, but then you will have to fill in manually the 06 data.

[Donny]

No, templates are used to quickly pull up a 'set' of forms for a new client. For a prior client, you don't need that, because when you roll over last year's return, it will pull forward all the forms in last year's return.

So you might set up a template for a new client with a Sch E, another for a new client with a Sch F, etc. In those templates, you would have the 1040, Sch A perhaps, Sch E or F, 4562 and asset entry, SE, state forms, client letter, state letter, billing form, efile forms, perhaps, etc. Then, when a new client comes in with rental properties, you just select Templates, the one named New w/E, and you are ready to start entering data.

For prior clients, be sure you open the 2006 converted file, and make sure that it contains all the forms you think should be in it, BEFORE you roll it over. At that time, you might want to add the "Comparison' form, so that it will roll over with the 2006 info in the Prior column. This year, it will make it easy, then, to compare changes, and easily show a client why their refund is a lot higher or lower than next year. If it's not in the 2006 file, you can add it to this year, but then you will have to fill in manually the 06 data.

I use the templaes a lot because I have a lot of clients with the same employer here, this helps when new clients from this employer comes it, it saves a lot of time filling out the w2 form,