Is it acceptable to everyone else that PTO is asking us to calculate the interest outside of the program and enter it manually? Really? Are you kidding me?

Forum|Forum|6 years ago
December 7, 2019
3 replies
29 views

I understood PTO was built on Lacerte's chassis (I would imagine Lacerte does calculate the interest). It seems more like it is built on the Turbo Tax chassis!!

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Best answer by itonewbie

PTO is not just built on the Lacerte chassis but actually uses the nuts and bolts and the same engine. However, it does not come with all the bells and whistles for the price, so you will need to live with the lack of features and flexibility.

PTO pretty much runs the same calculations that Lacerte does, although it may not provide as many options. Federal interest calculation, unfortunately, is one where you will need to prepare the computation offline and plug it in.

TBH, I can't understand why Intuit would leave out such a simple logic for calculations than can easily be run on a spreadsheet, especially since it does compute state interest charges so long as you enter the interest rates and input 1 for automatic calculation.

itonewbieAnswer

Level 15

PTO is not just built on the Lacerte chassis but actually uses the nuts and bolts and the same engine. However, it does not come with all the bells and whistles for the price, so you will need to live with the lack of features and flexibility.

PTO pretty much runs the same calculations that Lacerte does, although it may not provide as many options. Federal interest calculation, unfortunately, is one where you will need to prepare the computation offline and plug it in.

TBH, I can't understand why Intuit would leave out such a simple logic for calculations than can easily be run on a spreadsheet, especially since it does compute state interest charges so long as you enter the interest rates and input 1 for automatic calculation.

---------------------------------------------------------------------------------Still an AllStar

D

Daniel-Bengio--CPAAuthor

Level 2

I agree 100% with you. That is what irked me, that it is a simple issue and they chose not to put it in. If it was not intentional, it is a lack of professionalism and if it was intentional, it is malicious - in my humble opinion!