Hello,
I just registered and this is my 4th day as an accountant, officially. My partners, who are on CPE right now, have me working on an audit for a small company client and I'm reconciling their equity accounts using ATB software and comparing adjusted trial balances to federal tax trial balances. I'm trying to find the starting point and then determine any adjustments to be made. My problem is that I'm having difficulty trying to figure out where to start. Do I take all investment acocunts, net them, and then add/deduct back any contributions to arrive at beginning equity - tax? ANy help would be fantastic. Thanks
Mike
I just registered and this is my 4th day as an accountant, officially. My partners, who are on CPE right now, have me working on an audit for a small company client and I'm reconciling their equity accounts using ATB software and comparing adjusted trial balances to federal tax trial balances. I'm trying to find the starting point and then determine any adjustments to be made. My problem is that I'm having difficulty trying to figure out where to start. Do I take all investment acocunts, net them, and then add/deduct back any contributions to arrive at beginning equity - tax? ANy help would be fantastic. Thanks
Mike