Import GIFI from QuickBooks® Online Accountant

Don't let your clients' choice of bookkeeping software lock you into a particular professional tax software. Importing GIFI from QuickBooks® Online Accountant into TaxCycle T2 returns is super easy. 

How to import a GIFI file from QuickBooks® Online Accountant

Once you've completed your year-end review (and map any outstanding accounts to GIFI codes):

  1. Click the Save GIFI codes button to download a standard .GFI file.
  2. Just drag and drop the file onto an open TaxCycle T2 return to import.

(You can also use the Import GIFI button in the Data menu.)

Video: How to import GIFI into TaxCycle

What gets imported?

TaxCycle imports the GIFI codes and related balances to the correct lines on the GIFI schedules (S100, S125) and into the Info worksheet if that information is included in the file. (But we'll never overwrite the company name and business number you've carried forward.)

Forms that contain imported values have an orange starburst on the form icon.

You can update the GIFI values in the tax return at any time by reimporting a GIFI file using the same steps as above. If you use the Import GIFI button, TaxCycle remembers where you last imported a GIFI from, so it is easy to find the file again.

What about other accounting software?

TaxCycle imports GIFI information from GFI, CSV or TXT files. This includes data exported from:

  • Accounting for Practitioners (AFP)
  • CaseWare® Working Papers
  • QuickBooks® Online Accountant
  • QuickBooks® desktop (learn how to export this report)
  • CCH Engagement®
  • Sage®
  • CSV files you create yourself in Excel
Accounting for Practitioners (AFP) is a trademark of Pendock Mallorn Ltd. CaseWare is a registered trademark of CaseWare International. CCH Engagement is a registered trademark of CCH Canadian Ltd. QuickBooks is a registered trademark of Intuit Inc. Sage is a registered trademark of The Sage Group plc. All other trademarks are property of their respective owners.