Three QuickBooks Reports to Get You Ready for Taxes

October 3, 2023

I still can’t believe it’s December already. This year flew by! Before we know it, it’ll be April 15th! Get your taxes done early so you can enjoy the spring weather! Use QuickBooks reports to prepare your income tax information for your business, even if you are running a property management company.

The Income Tax Preparation report helps you prepare your federal income tax by showing each tax line assigned to each account. As a note, consult with your accountant to assign the appropriate tax lines when setting up your Chart of Accounts.

The Income Tax Summary also helps you gather the data for your forms. It shows the amount QuickBooks tracked for each tax line associated with specific accounts.

The Income Tax Detail lists each transaction associated with each tax line, expanding on the previous report.

Double-click any of the amounts or transactions to view additional details.

Gita Faust

About the Author

Gita Faust has over 30 years of accounting experience in the real estate and property management industry, Gita Faust is more than just a real estate investor; she is also popular for her work as an accountant, consultant, mentor, speaker, QuickBooks Top ProAdvisor, QuickBooks Solution Provider, member of Intuit’s Trainer/Writer Network, and, of course, author. Gita is well-known for her exemplary leadership and advisory skills. In fact, she even helped pioneer the adaptation of QuickBooks to suit the needs of professionals in real estate and property management. To share her knowledge she has written a series of courses titled Simplified Accounting Solution, which provides step-by-step guidance for those working with QuickBooks.

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