Posting the Trading P&L items AP Code Debit/Credit Sales 0000 Credit Cost of sales Opening Stock / WIP 1000 Debit Purchases 1100 ...

Yes, but unfortunately for iXBRL tagging purposes this functionality is limited to one additional note at the end of the Profit and Loss Account Notes (full financial statements only) and one which will appear at the end of the report. Accounts Production provides a wide range of notes to suit...

TaxCalc has now added the facility to allow users to set favourite account codes. This make it easier and quicker to identify account codes which may be used on a regular basis. In order to set a nominal code as a favourite please follow the instructions below: Go into Administration. Click...

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...

TaxCalc has started the integration process with Xero to allow for seamless transition of data. This will mean a trial balance can be imported directly in to a specified year-end into the Accounts Production module. Please note: this functionality is available from version 6.3.041 or higher. ...

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...

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...

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.

In the 2019 release of TaxCalc, there has been added functionality to the QuickBooks Online integration. Not only can you import a trial balance directly in to a specified year-end into the Accounts Production module, but you can now also post journals back into QuickBooks. This functionality...

If you are looking to move an import map from one computer to another: 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. Select the map which you wish to transfer your...

If you want to print individual postings that you've entered as a batch, follow these steps: Open the relevant accounting period. Click on Reports. Click on Audit trail. Select the appropriate batch from the drop-down option in the top left of the screen. Click on Update in the top right to...

The TaxCalc Accounts Production module is used to manually post transactions, edit notes, file accounts to Companies House and create the iXBRL accounts file to attach to the CT600. Sometimes you may make postings against an incorrect client or accounting period. Rather than delete the incorrect...

Not at present. Xero only records a client’s financial year end date so it is only possible to obtain a trial balance for a full financial year. Where a period exists, we suggest preparing a CSV file with the appropriate data from Xero for the periods in question and importing the CSV via our...

Within Edit Notes > Balance Sheet Declaration/Approval, the list of Directors/Members is produced based on the date of signing e.g. will only show those directors present at that date. From version 6.2 this restriction no longer applies and where a date has not been entered, the list of...

The New Template Batch option under Posting, allows you to create a posting batch from a set of default templates. The batch will be auto-populated with account codes based on the template selected. The following templates are currently available: Last Years Trial Balance The account codes...