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I have just imported from Xero and want to use the same mappings on a different client, can I use the same import map?
Yes. Importing for the first time on a new client: Select Posting > Import Trial Balance > Third Party API > Xero It is now mandatory to enable Two-factor Authentication when using Xero If you have not enabled it in Admin Centre, when you go to Accounts Production→Import Trial...
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10 Sep, 2021
Views: 737
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Can I change the default text for a note and apply it to all clients?
TaxCalc provides default text for many of the notes to the accounts which can be edited on a client by client basis. The option to set/update the default text for notes is available under: Browse to Admin Centre Click on Applications Select Accounts Production from the table. Click on...
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16 May, 2023
Views: 735
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How do I export my accounts to MS Word for editing?
To export your accounts to MS Word, follow these steps: Open the client in Accounts Production. Click on the relevant accounting period. Click on Reports. Click on Full Financial Statements. Click on Export Report in the top right corner. Click on Export to MS Word. The accounts will...
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31 Jul, 2015
Views: 731
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Is the Average Number of Employees note mandatory for a Small Company?
Yes. Disclosure of the average number of employees is required under the Companies Act. Section 411 (1) The notes to a company’s annual accounts must disclose the average number of persons employed by the company in the financial year. (1A) In the case of a company not subject to the...
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26 Mar, 2020
Views: 713
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How do I add a firm and/or client logo to the front cover of financial statements?
Adding a firm and/or client logo gives you the chance to add some personality and branding to your client’s accounts. Through Admin Centre and Practice Manager, you can now add a firm and client logo quickly and easily. Adding a logo to your firm’s details within Admin Centre: Go to Admin...
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20 Aug, 2020
Views: 692
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How do I include/remove disclosures from the Registrar Financial Statements but not affect the Full Financial Statements?
Registrar Financial Statements (aka Filleted) are those which are delivered to Companies House in accordance with the Companies Act 2006, section 444. When generating Registrar Financial Statements content will be removed which is not required to be filed e.g. Directors Report and Profit and...
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06 Feb, 2018
Views: 680
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How do I show a split of all Fixed Assets within the Notes to Financial Statements?
A small company is only required to disclose Fixed Assets under the following headings: Intangible = Goodwill, Other intangible assets Tangible = Land and buildings, Plant and machinery, etc. Where you wish to show a split of all assets within the Intangible and Tangible Fixed Asset notes...
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26 Mar, 2020
Views: 666
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How do I produce Abridged Accounts?
To generate an Abridged Profit and Loss Account (Income Statement) and/or an Abridged Balance Sheet in conjunction with the requirements of the Small companies’/LLPs regime within Accounts Production, please select: Accounts Setup Accounting Standards Abridgement Options (Note, this only...
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24 Mar, 2020
Views: 656
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Failure: inconsistent duplicate facts "AmountsOwedToDirectors"
This error message will be presented when attempting to file a corporation tax return or a set of accounts online if you have multiple entries present in the financial statements for directors loan account (one appearing in the debtors note and one appearing in the creditors note). The easiest...
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31 Dec, 2018
Views: 655
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TaxCalc integration with FreeAgent
TaxCalc’s integration platform offers integration with online accounting software FreeAgent for Practice and Non-Practice users. TaxCalc Accounts Production provides you with an easy-to-use wizard to import a year-end trial balance directly from FreeAgent in a few simple steps for both...
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12 Apr, 2021
Views: 633
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Do I need to disclose the Average Number of Employees if they are NIL?
Yes. The Companies Act s411 (3) & (4) states: (3) The average number required by subsection (1)(a) or (b) is determined by dividing the relevant annual number by the number of months in the financial year. (4) The relevant annual number is determined by ascertaining for each month in the...
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26 Mar, 2020
Views: 629
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Accounts Production appears to freeze after updating to Version 9 of TaxCalc, but not running latest version
Please note: if you are running version 10.x of TaxCalc, or later, this knowledge base article may no longer be relevant because of changes made within the software. If you are running version 10.x or later and getting a freezing screen when opening batches or notes within Accounts Production...
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23 Sep, 2019
Views: 610
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What disclosures are excluded from the (Filleted) Registrar Financial Statements
Registrar Financial Statements will include all disclosures included within the Full Financial Statements except: Company Information (*) Accountants Report (*) Auditors Report Note: An Audit Information note will be included instead. Directors Report Profit and Loss Account ...
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11 May, 2023
Views: 580
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How do I change report margins?
To change the report margins for the cover page of your financial statements, follow these steps: From the Home page open Admin Centre. Select Applications from the left-hand menu. Click on Accounts Production. Select Customise Accounts from the left-hand menu. Select Accounts Presentation...
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30 May, 2023
Views: 558
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How can TaxCalc help me prepare accounts under COVID-19?
Companies are having to consider how the impact of COVID-19 affects their business and how these affects should be reported in the accounts. This will require some additional disclosures to explain how recent events are affecting their business. To assist you with the preparation of COVID-19...
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13 Jan, 2021
Views: 537
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