GIFI Export Quickbooks Desktop

Hello Yourkard,

I appreciate you chiming in as a follow-up on this question. I hear what you're saying about how useful this sort of thing would be and I'd like to give an update to my previous response from late last year.

In QuickBooks Desktop, you can add Tax-Line Mapping to accounts that you are setting up or have set up in the Chart of Accounts. These ultimately contribute to the GIFI codes that populate when you use other tax programs, such as Intuit ProFile for your tax preparation. Here's what that looks like.

All the same, the tax-line mapping still doesn't produce a column on the standard balance sheet or income statement reports, and columns cannot be added to those reports. If you'd like to see a report that does show the tax-line mapping, I recommend running the Balance Sheet Detail report, the Profit and Loss Detail report, or the Account Listing report.The Balance Sheet Detail and Profit and Loss Detail reports will show the tax-line mapping related to the specific transactions in the accounts. The Account Listing report will show you the tax-line mapping for the account in question.

The Account Listing report should automatically include the Tax Line column, but you can add it to the other two by going to Customize Report, then finding it in the Columns list on the Display tab. Once you check it off and select OK, it'll appear.

It may help to export one of these reports and use it with the CRA's guide for GIFI codes that I linked in my original response. Otherwise, I encourage you to continue to use your tax preparation software to access the GIFI codes.

Submitted feedback is still an excellent idea in this situation. Many current features in the program came from input from users such as you.

I hope this helps!