Partnership returns
where every K-1 ties out
From trial balance to partner allocations, computed deterministically and traceable to source
From trial balance import
to partner K-1s
Bring the engagement together
Roll forward prior-year data and bring the TB, fixed assets, and partnership agreement into one engagement
Prepare the partnership workpapers
Compute depreciation, §199A, §163(j), allocations, capital accounts, and multi-state K-1s deterministically
Focus on what needs judgment
Review a prepared draft with open items, treatment decisions, and downstream impact surfaced before anything commits
Carry the work through filing
Sync workpapers to your tax engine and deliver each partner’s K-1 through the portal
Built for the returns that break spreadsheets
Live Form 1065 preview
Preview a draft Form 1065 and every K-1 before pushing to your tax engine
Capital accounts
All partnership activity, including contributions, distributions, transfers, and property transactions, tracked and reconciled
Basis tracking
§754 inside and outside basis differences tracked cumulatively and tied out
Multi-state & PTET
Apportionment and pass-through entity tax computed across all relevant jurisdictions
Trace to source
Click any figure through to the trial balance, document page, or prior-year workpaper
One firm. One standard.
Set standards across the practice while preserving what makes each partnership different
Set the standard
Carry preparation and review standards across engagements
See the whole practice
Track preparation, review, and open items across the portfolio
Prepare to advise
Surface planning opportunities for more meaningful client conversations
From building workpapers
to reviewing them
How Armanino prepares partnership returns on Accrual
FAQ
Yes. Accrual brings the trial balance, fixed assets, prior-year data, and partnership agreement into one engagement, then prepares the workpapers through partner allocations, capital accounts, and each partner’s K-1.
The calculations are deterministic. AI interprets documents and the partnership agreement, while depreciation, §199A, §163(j), allocations, capital accounts, and multi-state K-1s are computed by rule, so every number ties out and traces to source.
Yes. Accrual computes apportionment and pass-through entity tax across every relevant jurisdiction and carries it through to each partner’s K-1.
Yes. Reviewers see a live preview of the draft Form 1065 and every K-1 before anything is pushed to your tax engine.
In Armanino’s partnership work, 100% of source values were extracted without error, 86.5% of draft values matched the final return, and every drafted entry balanced and tied.
Accrual prepares partnership (1065) returns end to end, and corporate (1120) preparation is in early access. For S corporation (1120-S) and exempt organization (990) returns, Accrual supports the engagement around your tax engine: client document requests, organized source documents, review, and e-signature.
Individual and trust returns
1040 and 1041 end to end, including multi-state returns and K-1s
