Ledger IQ

Finish a Tax Return in Minutes, Not Hours. Import trial balances, apply AJEs, and map directly into Lacerte

Ledger IQ is trial balance software that helps CPAs move a client's books into tax software in minutes instead of hours. You upload the trial balance as an Excel or CSV file straight from QuickBooks, review AI-suggested tax line mappings, post adjusting journal entries, and export an import-ready file for Lacerte, UltraTax CS or Drake Tax. The site says this saves one to two hours of data entry per return, with nothing retyped by hand.

Review is mandatory: every suggested mapping must be accepted by the preparer before export, and the working trial balance shows whether debits and credits tie out. Business returns are covered, including 1065 partnerships, 1120 C-corps and 1120S S-corps. Drake Tax support was recently added alongside Lacerte and UltraTax CS, with CCH Axcess and CCH ProSystem fx listed as coming soon. Within the finance category it is a focused tax workpaper tool rather than general bookkeeping.

Pricing is paid with a trial: your first return is free, after which a plan is required. Upload one client trial balance to see how the mapping suggestions compare with your own.

Category: Finance. Pricing: paid. Visit website

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