M-1 Improvements
We've added Tallybot to help with your M-1 adjustments.
For Non-taxable income and Non-deductible expenses, (the most common M-1 types), simply select the M-1 tax categories and Tallybot will make a Journal Entry for you. See it in action here.
![](https://s3-us-west-1.amazonaws.com/whatsnewtallyfor/2023/04/CleanShot-2023-04-18-at-09.27.54-1.gif)
Your M-1 Report automatically updates.
Here are some close up screenshots.
![](https://s3-us-west-1.amazonaws.com/whatsnewtallyfor/2023/04/CleanShot-2023-04-21-at-14.49.47@2x.png)
![](https://s3-us-west-1.amazonaws.com/whatsnewtallyfor/2023/04/CleanShot-2023-04-21-at-14.50.05@2x.png)
![](https://s3-us-west-1.amazonaws.com/whatsnewtallyfor/2023/04/CleanShot-2023-04-21-at-14.50.18@2x.png)
![](https://s3-us-west-1.amazonaws.com/whatsnewtallyfor/2023/04/CleanShot-2023-04-21-at-14.51.04@2x.png)
![](https://s3-us-west-1.amazonaws.com/whatsnewtallyfor/2023/04/CleanShot-2023-04-21-at-14.51.15@2x.png)
For the other two M-1 types, (Not on books types), additional taxable income, and additional deductible expenses, first make a JE to get the numbers on the books and then select the M-1 tax category (on the offset account)
![](https://s3-us-west-1.amazonaws.com/whatsnewtallyfor/2023/04/CleanShot-2023-04-21-at-15.01.07@2x-1.png)
![](https://s3-us-west-1.amazonaws.com/whatsnewtallyfor/2023/04/CleanShot-2023-04-21-at-15.00.27@2x-1.png)
![](https://s3-us-west-1.amazonaws.com/whatsnewtallyfor/2023/04/CleanShot-2023-04-21-at-15.02.22@2x-1.png)
![](https://s3-us-west-1.amazonaws.com/whatsnewtallyfor/2023/04/CleanShot-2023-04-21-at-15.06.02@2x.png)
![](https://s3-us-west-1.amazonaws.com/whatsnewtallyfor/2023/04/CleanShot-2023-04-21-at-15.07.43@2x.png)
![](https://s3-us-west-1.amazonaws.com/whatsnewtallyfor/2023/04/CleanShot-2023-04-21-at-15.07.52@2x.png)