Improvements to improve reliability and confidence in the bulk drag & drop K1 tool.

Describe your idea. The more information you provide, the clearer picture of your idea we will have.

Prompt a user when a new K-1 is being created from the bulk drag & drop, or ask the user if the match is ok if a certain confidence level on a match is not reached.

How will this idea help you and potentially others? Understanding how things are done today, where the pain is, and how the idea is beneficial puts us in your shoes.

A 2022 K-1 rolled into 2023 has at least three very important, workflow critical elements in it for an Axcess user: Tags, CCH activity numbers, and prior year notes. Funds are far from 100% consistent on Sections I and II, primarily it comes to what they decide to redact year to year. Our firm does not use the bulk drag and drop feature because it risks a new investment being created on a k-1 that existed in the previous year and losing those crucial attributes as well as adding an additional K-1 count towards the number of K-1s we are allowed to upload.

Who will benefit from this idea? Whether it's specific roles of users, users of a specific product, or certain departments/markets, this helps us know who to talk to when we need more information.

Mostly CCH users who rely entirely on the activity number mapping to ensure data integrity between K1x and Axcess.

How do you envision this idea being implemented at K1x? You're the expert and understanding how you see this working helps kickstart the idea.

An additional prompt after the drag and drop asking me if I'm ok if K1x creates a new investment with that K1 would be great. It would say things like "We didn't find a match for this K-1, do you want to create a new investment or manually select a match from this dropdown?" If the interface is cost prohibitive, at least improving the matching logic would be acceptable. A beginning capital account balance should be a hint that the K-1 is likely not new. A 2023 K-1 issued To Partnership A, EIN 99-9999999, Partner B, SSN 123-45-6789, DRE Partner's LLC, TIN 00-0000000 will not match to a rolled over investment from 2022 that has all the exact elements except that the TIN is null in the prior year and K1A will create a new investment.