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Import Trial Balances from Xero/FreeAgent/Quickbooks and Export Journals or Adjustments Back
You can save time when importing a year-end Trial Balance into Accounts Production by using the third Party APIs on the existing Import Trial Balance wizard. Importing directly from online accounting software is quicker than manually entering the data. We currently have the facility to do this for...
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20 Feb, 2024
Views: 2336
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What's the difference between renewing, upgrading and updating my TaxCalc software?
At TaxCalc we use the same terminology that's used across most software markets. Some of these expressions can seem similar so to avoid confusion, this page gives an explanation of each. Renewal If you're a user of our Accountancy Practice software, you'll be invited to renew your package 30...
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08 Nov, 2022
Views: 2279
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How do I move an Accounts Production client from one TaxCalc database to another?
If you have the Accounts Production module with TaxCalc, all of the information is retained in the database and therefore there is no easy way to move the information for one client from one machine (database) to another. You can move a client into a different database (or new machine) but this is...
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17 Oct, 2019
Views: 2127
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Why can't I edit the notes to the accounts?
If you can't edit notes to the accounts, the accounting period may be locked. Follow these steps to unlock it: Click on the Check and Finish menu. Select Unlock Accounting Period. NOTE: It's good practice to lock the accounting period once your client has approved the accounts.
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07 Jul, 2015
Views: 2108
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When should you use Bring Forward Opening Balances in Accounts Production?
There are two types of trial balance: a transactional trial balance – this is the difference between the comparatives and the closing balance for the current year i.e. the transactions in the year, so perhaps debtors last year were £2000 and this year they are £3000, the trial balance...
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22 Sep, 2017
Views: 2012
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When will Charity Accounts be available in TaxCalc Accounts Production?
TaxCalc Accounts Production does not currently include a format for charities. Whilst there are no immediate plans to introduce this, we are currently conducting research across many different areas including Charities and would greatly value your input. As a result, please take the time to...
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23 Mar, 2021
Views: 2000
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Treatment of Director's Loan Account in the Financial Reports
We have made changes to how the director's loan account appears in the financial statements. If the directors are selected against postings made in the posting batches, then the figures will split between debtors and creditors in the balance sheet as we total entries per director. If you do not...
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01 Sep, 2016
Views: 1909
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How does submission of accounts to Companies House work?
Once you are happy with the accounts, you can then complete the submission to Companies House. Click on Check and Finish. If there are no errors, click on File To Companies House. Go through the 'File online to Companies House Wizard', choosing whether you want to submit the Abbreviated...
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22 Sep, 2017
Views: 1795
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How do I remove the accountant's name on the accounts?
If you don't want the accountant's name or address to appear on the accounts, you can remove it by following these steps: Open the client in Accounts Production. Click on Client information on the left navigation menu. Select Address. Click on Accountants. Click on Remove address on the...
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24 May, 2023
Views: 1791
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How do I make adjustments to prior years? - Balance Sheet
When making a prior year adjustment, you need to ensure that the adjustment is complete in the previous and current year in a particular way to ensure that this files successfully with HMRC and Companies House. You should follow the below routine. Please note: The below instructions are for...
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11 Apr, 2023
Views: 1784
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How to change from limited by guarantee to limited by shares and vice versa once a client has been set up.
1. In Practice Manager select the client and select Edit Client/Contact. 2. Select Company Information. 3. The Type of Company field is greyed out, which means it cannot be amended at present. 4. To be able to amend the Type of Company you must first delete any relationships setup. ...
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06 Sep, 2023
Views: 1744
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How do I submit revised accounts to Companies House?
From version 13.6.003 of TaxCalc we introduced the option to submit Revised Financial Statements electronically for periods ended on or after 1 April 2022. The instructions will take you through the process of submitting revised accounts electronically: Accounts Setup > Accounts...
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29 Sep, 2023
Views: 1691
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How do I remove the balance sheet from Sole Trader accounts?
To remove the balance sheet from a Sole Trader account, follow these steps: Go to Accounts Production. Select Notes from the left-hand menu. Click on Edit Notes. Select Report Type from the left-hand menu. Click on Income and Expenditure Account. The accounts that are generated will...
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18 Mar, 2016
Views: 1676
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How do I upgrade my TaxCalc practice software?
To understand some of the terms used on this page please read What is the difference between renewing, upgrading and updating my TaxCalc practice software?. You can upgrade your TaxCalc Tax Return Production or Accounts Production package to a different one at any time. If you're within 30 days...
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12 Feb, 2020
Views: 1606
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How do I copy an import map?
To make a copy of an import map: Open a client in Accounts Production. Click on Posting. Select Import Trial Balance. Select Import via CSV file. Click on Use an existing import map. Click on Continue. Click on the map you wish to copy Select Make a Copy. If you are looking to move...
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19 May, 2023
Views: 1554
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