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FRS Accountancy Standards and TaxCalc
TaxCalc Accounts Production allows you to complete accounts in using the following accounting standards. Accounting Standard Effective from FRS 105 (Micro-entities) Applicable to entities claiming the micro-entities regime FRS 102 1A (Small) Applicable to entities...
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24 Sep, 2024
Views: 6680
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How to submit LLP accounts to Companies House
Once you are happy with the accounts, you can complete the LLP 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 either: ...
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08 Jul, 2019
Views: 5771
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How do I create relationships for directors, company secretaries and partners in Practice Manager?
To create a relationship for a director, company secretary or partner who is listed in Practice Manager, complete the following steps: Launch Practice Manager. Double-click on the relevant company/partnership. Click on Relationships. Click on Create Relationship. In the wizard, select the...
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25 Jul, 2023
Views: 5722
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How to Add/Remove Watermark on Accounts Production
A watermark can be added or removed from a report within the Accounts Production application. The functionality is similar to that of the Tax Return feature. To add a watermark; Open up a set of accounts Go to Reports Tick the option 'Would you like to add a watermark?' There are...
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08 Jul, 2019
Views: 5707
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TaxCalc integration with Xero
Please note: Xero functionality requires users to be on version 11.16.121 or higher. Please go to Help > About to verify your software version and update as required, to continue to use the integrations with Xero. Introduction Importing a Xero Trial Balance Video Step by Step Guide Flow...
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09 Mar, 2023
Views: 5557
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How to allot shares in Taxcalc
In order to allocate shares against a particular person in Practice Manager, you first need to ensure that you have a relationship created for the shareholder. Please complete the following steps if you haven’t already done so: Launch Practice Manager. Double-click on the relevant...
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23 Oct, 2019
Views: 4752
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How are software enhancements and issues prioritised at TaxCalc?
Every piece of software in every sphere will always have a list of outstanding enhancement requests and issues. We are fortunate that the list for TaxCalc is brief by industry standards and we are able to cover most things on a fairly short cycle due to our above average release frequency....
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07 Aug, 2019
Views: 4630
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Can I add new account codes in Accounts Production?
Unfortunately you can't add your own account codes due to the tagging requirements specified by HMRC and Companies House respectively. Accounts Production provides a wide range of account codes to suit most requirements. However, if there are any codes you think we should add, please let us know....
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29 Mar, 2017
Views: 4566
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How do I rename account codes on a global basis?
TaxCalc has implemented the option to enable you to rename the nominal codes on a global basis. This is an easier way for you to rename nominal codes in the chart of accounts for all of your clients. The following instructions detail how to rename the nominal codes. Browse to Admin Centre. ...
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27 Aug, 2019
Views: 4345
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When will Charity Accounts be available in TaxCalc Accounts Production?
The Charity Accounts add-on allows for creation of SORP compliant accruals accounts for Charitable Companies (Limited by Guarantee), Charitable Incorporated Organisations and Charitable Unincorporated Associations registered in England and Wales. The accounts can be paper filed with Companies...
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20 Aug, 2025
Views: 4333
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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: 4248
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What financial statements can I generate in Accounts Production?
You can use Accounts Production to generate the following financial statements: Sole trader accounts: with a Profit & Loss account and Balance Sheet with an Income & Expenditure account Partnership accounts Limited Liability Partnership accounts Small Limited Company...
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01 May, 2024
Views: 4207
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How do I change an .xhtml file to .html?
TaxCalc produces files with the extension .xhtml. Before you send a file to HMRC, you may need to change the extension to .html. To do this, follow the instructions below. Windows 11/10/8 Browse to the accounts file in File explorer. Click on View at the top of the screen. Ensure that you...
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11 May, 2023
Views: 3647
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Advanced Rounding Rules – Why do I see “Apply latest updates to advanced rounding rules"?
In the Spring 2022 release, updates have been made to the advanced rounding rules. These updates will automatically be applied to new accounting periods created after upgrading to the Spring 2022 release. For all existing periods (those created prior to upgrading to Spring 2022) a new Apply...
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21 Jun, 2022
Views: 3629
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ERROR: Manual adjustments on the tax reconciliation note do not agree to the current tax charge.
If you get the following Check & Finish error in Accounts Production, it means that the Tax on Profit note needs to be reconciled. Go to Notes > Edit Notes > Tax on Profit note. The top section of the note gets auto-populated based on the postings you have already made. The bottom...
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07 Feb, 2020
Views: 3508
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