Accessing tax reports
- Go to Reports in the sidebar
- Click Tax Reports
- Select the report type
Available reports
Income Summary
Revenue breakdown for tax reporting:| Category | Amount |
|---|---|
| Product Sales | $245,000 |
| Service Revenue | $180,000 |
| Interest Income | $1,200 |
| Other Income | $5,500 |
| Total Income | $431,700 |
Expense Summary
Deductible expenses by category:| Category | Amount |
|---|---|
| Payroll | $185,000 |
| Rent | $36,000 |
| Utilities | $4,800 |
| Insurance | $12,000 |
| Marketing | $24,000 |
| Professional Fees | $8,500 |
| Depreciation | $6,200 |
| Total Expenses | $276,500 |
Sales Tax Summary
Sales tax collected and remitted by state:| State | Taxable Sales | Tax Rate | Tax Collected | Tax Remitted |
|---|---|---|---|---|
| CA | $125,000 | 8.25% | $10,312 | $10,312 |
| TX | $85,000 | 8.00% | $6,800 | $6,800 |
| NY | $45,000 | 8.50% | $3,825 | $3,825 |
Payroll Tax Summary
Payroll taxes by type and period:| Tax | Q1 | Q2 | Q3 | Q4 | Total |
|---|---|---|---|---|---|
| Federal 941 | $15,230 | $16,100 | $15,890 | $17,200 | $64,420 |
| FUTA | $420 | $0 | $0 | $0 | $420 |
| State Withholding | $3,450 | $3,680 | $3,590 | $3,920 | $14,640 |
| State Unemployment | $890 | $420 | $0 | $0 | $1,310 |
1099 Report
Contractor payments for 1099 filing:| Contractor | TIN | Total Payments | 1099 Required |
|---|---|---|---|
| Jane Designer | XXX-XX-1234 | $24,500 | Yes |
| Bob Developer | XXX-XX-5678 | $42,000 | Yes |
| Quick Prints LLC | XX-XXXXXXX | $450 | No (under $600) |
Asset Summary
For depreciation schedules:| Asset | Date Acquired | Cost | Method | Life | Current Year Depr | Accumulated | Book Value |
|---|---|---|---|---|---|---|---|
| Computer Equipment | 3/15/2024 | $5,000 | MACRS | 5 yr | $1,000 | $1,000 | $4,000 |
| Office Furniture | 6/1/2023 | $8,000 | SL | 7 yr | $1,143 | $1,905 | $6,095 |
Date ranges
| Preset | Common Use |
|---|---|
| Last Calendar Year | Annual tax return |
| This Year to Date | Estimated payments |
| Custom Quarter | Quarterly filings |
| Custom | Any period |
For your accountant
Year-end package
Export a complete year-end package:- Go to Reports → Tax → Year-End Package
- Select the tax year
- Click Generate Package
- P&L by month
- Balance Sheet (year-end)
- Trial Balance
- Bank reconciliation reports
- 1099 summary
- Asset/depreciation schedules
- Payroll summary
- General ledger detail
Export formats
| Format | Use Case |
|---|---|
| Review and archive | |
| Excel | Accountant analysis |
| QuickBooks | Import to accounting software |
| Tax software format | Direct import (TurboTax, etc.) |
Entity-specific reports
Sole Proprietor / Single-Member LLC
Key reports for Schedule C:- Income Summary
- Expense Summary by Category
- Vehicle/Mileage Log
- Home Office Calculation
Partnership / Multi-Member LLC
Key reports for Form 1065:- Income Summary
- Expense Summary
- Partner Capital Accounts
- K-1 worksheets
S-Corporation
Key reports for Form 1120-S:- Income Summary
- Expense Summary
- Shareholder Distributions
- Officer Compensation
- K-1 worksheets
C-Corporation
Key reports for Form 1120:- Income Summary
- Expense Summary
- Corporate Tax Worksheet
- Dividend Summary
Estimated tax worksheet
Calculate quarterly estimated payments:- Go to Reports → Tax → Estimated Tax
- Enter prior year income
- Project current year income
- Calculate quarterly payments due
- Federal estimated tax due
- State estimated tax due
- Payment due dates
- Safe harbor amounts
Audit support
If you’re audited, access:Transaction detail
- Every transaction for the period
- Source documents (invoices, receipts)
- Bank statements
- Journal entries
Reconciliation reports
- Bank reconciliation history
- Account activity by month
- Adjusting entries
Supporting schedules
- Detailed AR/AP aging
- Fixed asset listing
- Payroll detail
Scheduled reports
Send tax reports automatically:| Report | Suggested Frequency | Recipient |
|---|---|---|
| Monthly P&L | Monthly | Owner, Accountant |
| Quarterly Tax Summary | Quarterly | Accountant |
| Year-End Package | Annually | Accountant |
Common questions
How do I share reports with my accountant?
How do I share reports with my accountant?
What's included in the year-end package?
What's included in the year-end package?
Everything your accountant needs:
- Financial statements
- Trial balance
- General ledger
- Payroll summary
- 1099 detail
- Bank reconciliations
- Supporting schedules
How far back can I access tax reports?
How far back can I access tax reports?
Reports are available for 7 years by default. Extended retention available on Scale plan.
Do you integrate with tax software?
Do you integrate with tax software?
We export in formats compatible with major tax software. Direct integration with TurboTax Business and others is in development.
Custom Reports
Build your own reports.