|
Can I run TaxCalc on Linux?
The TaxCalc application is now available on Linux for Individual and Standalone practice users. We are currently developing a network version which will be available in the future. As for now, you are able to have a LINUX machine as one of the additional machines if a windows machine acts as the...
|
|
19 Mar, 2020
Views: 551
|
|
|
What are Abridged Accounts?
The new Small Companies Regulations (and therefore applied by FRS 102 section 1A) introduced the option to draw up an abridged balance sheet and profit and loss account (where such option is applied these may otherwise be referred to as Abridged Financial Statements/Abridged Accounts). An...
|
|
06 Feb, 2018
Views: 541
|
|
|
Why aren't changes I made in Edit Notes appearing in the financial statements?
There are a number of reasons why changes you make in Edit Notes might not appear on the financial statements. Wrong accounting period Check that you made the changes in the correct accounting period: Go to Accounts Production. Review the open tabs along the top. Select the client you're...
|
|
18 Mar, 2016
Views: 530
|
|
|
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...
|
|
31 Jul, 2015
Views: 520
|
|
|
How do I produce a Statement of Income and Retained Earnings?
To generate a Statement of Income and Retained Earnings (instead of a separate Profit and Loss Account (Income Statement) and Statement of Changes in Equity) within Accounts Production (on version 6.2) select Accounts Setup > Statement Preferences. This statement is only applicable where the...
|
|
06 Feb, 2018
Views: 482
|
|
|
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, we suggest preparing a CSV file with...
|
|
12 Oct, 2020
Views: 473
|
|
|
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...
|
|
23 Sep, 2019
Views: 388
|
|
|
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 Administration. Select Applications from the left-hand menu. Click on Accounts Production. Select Customise Accounts from the left-hand menu. Select Cover Page defaults...
|
|
23 Sep, 2015
Views: 367
|
|
|
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...
|
|
31 Dec, 2018
Views: 361
|
|
|
Unable to connect to QuickBooks Online – The application has already been subscribed to by another user for this company
When connecting to QuickBooks Online, occasionally users may see ‘We’re experiencing some problems, the application has already been subscribed to by another user for this company’ message. This error occurs if a QuickBooks Online user has previously connected to QuickBooks Online and the...
|
|
19 Aug, 2019
Views: 341
|
|
|
Why can’t I select a person to sign the accounts without entering a date?
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...
|
|
06 Feb, 2018
Views: 323
|
|
|
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...
|
|
24 Mar, 2020
Views: 299
|
|
|
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 Select Existing import map Select Show clients Xero maps Select the required client and click Use Continue through the wizard to complete import Following first...
|
|
26 Mar, 2018
Views: 298
|
|
|
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: 1. Admin Centre 2. Applications 3. Accounts Production 4. Customise Accounts 5. Notes and Reports...
|
|
09 Aug, 2018
Views: 296
|
|
|
Have Abbreviated accounts been replaced with Abridged accounts?
No. Previously there were two options available to small companies for filing a reduced set of accounts to Companies House. The first was to prepare accounts in accordance with the Companies Act 2006, section 444, choosing not to file a Directors Report and Profit and Loss Account and the...
|
|
06 Feb, 2018
Views: 296
|
|