I am having the same issue and don't understand why you guys haven't worked on making this easier. I bought quickbooks and turbotax thinking that it would save me time come tax time. It clearly doesn't. This is a mess. I'm very very disappointed and will think about whether I want to renew my quickbooks online license next year. Just doesn't make sense that this can't be done in a less convoluted way...
Based on the other comments, seems like we should be using Quicken? Even when using TurboTax they mention Quicken in regards to the TXF file when you click "learn more". This is unimaginable that the two pieces of software wouldn't talk to each other.
QuickBooks desktop versions (all of them) interface with TurboTax.
By the 3rd or 4th TurboTax screen, you will get asked "Do you use QB desktop?" answer yes, and it asks you if you would like to import the data. If you have a few accounts not mapped to tax lines, it asks you where they go. Otherwise, everything gets imported seamlessly.
I won't switch to QBO because it has so many limitations...like only being able to export with properly formatted excel spreadsheets...who has time for that?!? I'll stick with desktop
After much research and many hours wasted with manual entry, I'm staggered that Intuit has no way for QBO to export tax information into TurboTax. This is very disappointing, and has shaken my confidence in Intuit's commitment to small business owners.
I hope the Intuit staff review these comments. I went through the same thing and it was a major hassle (as if doing taxes is a day at the beach to begin with, this really didn't help make it any easier).
The point I would make to Intuit is that - you should not launch a software on one platform if you cannot offer it in the same functionality on another platform. It is not a consistent or transparent way of operating. What it says is that Intuit is partial to Windows users and the Mac users can just go to h*ll and fall by the wayside. Is that really the rapport you want to create with your Mac customers? I didn't think so. Please resolve this and don't make the mistake again!
I am also going through a need to have txf file and I am using Turbo Tax. I can't believe that Intuit is the same company for both but yet they can't figure out a way for online software to communicate with desktop version. I should be able to push one button and have the data exchanged between the two. This is a much needed feature and I think it should be escalated to the priority list of future developments if your goal is to make life easier for your customers.
Your feedback will help us to stay in tune with what our customers need, want, and expect, Sitora.
I definitely know how this feature would be helpful to your business. Though, having this feature would greatly boost the productivity and efficiency of running your business.
To meet the rising business demands, we often roll out updates based on the request that we received from the users. Rest assured, I'm going to personally share your feedback with our Product Development Team for consideration.
As we assess this opportunity, I encourage you to visit the QuickBooks Blog to stay current with our updates.
If you need additional help in completing your task with QuickBooks, please don't think twice to post your questions here. The community will always have your back.
Dude @Klent, I don't think your Product Development team is listening to you nor your customers
Both @AldrinS on 01-28-2019 07:26 AM and @Rose-A on 01-29-2019 01:57 PM said the same thing more than a year ago and still no answer
Is both funny and frustrating how Intuit is among the few companies for which their own top products have no compatibility at all, with no valid excuse
That tells a lot how much you listen to your customers and how you lack of vision. Integration is the name of the game when it comes to software, is one of the main selling points. You're not only missing the opportunity to listen to your customers, but to also capitalize from it
Go to intuit.com and the very first thing you see on the top left, right below the url address is what you see on my picture attached here
This is going on for 3 years now, how is it I pay $27 a month for $324 QBO and another $80-$100 year for TubroTax Home and Business for $400-425 a year and they don't integrate when it is the same company!?! Honestly, it's like Apple saying they offer Cloud service but segments to where only 1 type of cloud works for phone, another cloud only works for iPads, another for Macs and none allow you to get info to the other.
Reply from Rose-A in Jan 2019: "I can definitely see how this feature would be useful. As a team with a massive roadmap, we have to pick new features based on the value they’ll add to the most users possible."
I understand the need to prioritize tasks for maximum benefit. What percentage of QBO users need to also file taxes? (Rhetorical). How SHOULD we be maximizing the benefit of QBO data at tax time?
The Tax Exchange Format (TXF) has been around since 1991 (source) and was intended for just this purpose - moving your data from one program/platform to another. Although it is dated (outdated?) there is no good replacement available and its exclusion from QBO seems like more than just an oversight.
In my case, I want QBO to export data in TXF format so I can import to H&R Block Tax software, a non-Intuit product. The data is mine, I should be able to do this using a 20 year old standard without obstruction.
The only help I am getting from QBO this tax season is helping me to consider my alternatives before next tax season. My experience with QBO support has been a nightmare (multiple other issues) so I am frustrated but not surprised by the headaches of this latest obstacle.
I know this is a late add, but OMG Intuit is AWFUL! I started a business last year and chose QBO for my bookkeeping because, silly me, I assumed Intuit would be able to integrate within it's products and I've used Turbo Tax for years. Clearly I need to reevaluate my options moving forward. Intuit obviously has no interest in the customer experience. And I tried to get help...but nothing. I got an email with some links to articles I'd already found on my own and when I tried to reply to the email...surprise!...invalid email address! WTH, I can't believe that in this day and age a company has absolutely NO interest in addressing what is obviously a recurring, constant pain point for their customers. I hope everyone starts boycotting this company so that maybe they'll get a clue.
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