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2-Way TaxCalc integration with QuickBooks
In the 2019 release of TaxCalc, there has been added functionality to the QuickBooks Online integration. With the 2- way 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...
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04 Aug, 2020
Views: 2393
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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: 2342
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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: 2133
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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: 2109
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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: 2014
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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: 1801
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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: 1799
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How to export accounts data
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...
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15 Nov, 2022
Views: 1729
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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: 1707
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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: 1558
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How do I set a nominal code as a favourite?
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...
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30 Mar, 2017
Views: 1421
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What reports can I generate in Accounts Production?
TaxCalc Accounts Production will enable you to generate the following reports: Audit Trail (Selected batch or all transactions) Nominal Ledger Trial Balance (Including functionality to customise report) Tax Reports Lead Schedules Financial Statements (New interactive editing feature) ...
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23 May, 2023
Views: 1390
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Can I import a trial balance from the bookkeeping APIs for a period longer or shorter than a year?
Currently, the function to read information from third party APIs for Xero, FreeAgent and QuickBooks online 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, there are two possible solutions...
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18 Apr, 2024
Views: 1190
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Can I add new notes in Accounts Production?
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...
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02 May, 2018
Views: 1148
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Converting the information from an iXBRL template into Accounts Production
Posting the Trading P&L items AP Code Debit/Credit Sales 0000 Credit Cost of sales Opening Stock / WIP 1000 Debit Purchases 1100 ...
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08 Mar, 2018
Views: 1139
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