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Notice: The information on this page is only for users of Personal Taxprep 2018. If you are using Personal Taxprep Classic 2018, consult the help available in the program. |
About Roll Forward
You can roll forward your previous taxation years' returns that were prepared with Personal Taxprep or the following programs: Cantax, DT Max, ProFile and Taxcycle.
When a client file is rolled forward, all of the permanent data (e.g. identification) is retained as well as the notes entered in the properties of the file and the carryforward balances. Where necessary, closing balances from the prior year are rolled forward to opening balances in the current year (e.g. the balance of undepreciated capital cost). In addition, the details from the previous taxation year's return are also retained for comparison purposes.
The roll forward can be carried out from the Client Manager or the Tax Return view.
Configuring roll forward options
Before rolling forward last year's client files , we suggest that you verify that the default roll forward options in Personal Taxprep meet the requirements of your firm. To define the default options that will be used during each roll forward, proceed as follows:
- On the Tools menu, click Options and Settings.
- Under Roll forward, click File Options to define the roll forward options.
Under Roll forward, click Data Options to define the rolled forward data. - Select the options.
- Click OK.
These defined options can be modified when rolling forward one or more client files to comply with a specific situation. To define the options for a specific roll forward operation, use the Roll Forward dialog box that automatically displays before roll forward. If this box does not display, access the default options as indicated above, then select the Show options before roll forward check box.
Rolling forward with different versions
If you use a T1 version, Personal Taxprep can only roll forward client files created using the T1 version from the previous year. To roll forward client files that contain Québec tax returns, you must use the TP1 version of Personal Taxprep.
Once the client files have been rolled forward, either with a T1 or TP1 version, they can be opened with another version.
Password-protected files
During the roll forward, the passwords assigned to the client files from the previous taxation year will be saved. It is important to keep your passwords.