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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: 1766
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What is iXBRL?
iXBRL stands for inline eXtensible Business Reporting Language. It is an electronic filing format – a computer language used in the electronic filing of company accounts. All tax returns filed in iXBRL are marked, tagged, read and understood by HMRC computers. Since it keeps the content and...
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02 Mar, 2018
Views: 1726
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Advanced Rounding Rules - General Rounding:
Where Apply advanced rounding rules has been selected, a separate rounding account is allocated for BOTH Profit and Loss Account and Balance Sheet rounding differences. Any difference found within account codes 0000 – 3999 will be allocated to the Profit and Loss Account rounding account...
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13 Aug, 2020
Views: 1718
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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: 1709
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What are the benefits of pre-ordering TaxCalc (Individual and Business users)?
If you're an Individual or Business customer, you can pre-order TaxCalc approximately 30 days before the update is released in late March. The benefits of pre-ordering TaxCalc are as follows: No extra cost. Avoid the Sales team at their busiest time. First to be notified of the release. ...
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08 Nov, 2022
Views: 1703
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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: 1688
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Can I submit to HMRC and Companies House at the same time?
Joint filing of accounts to HMRC and Companies House which HMRC offer is exclusive to them at the moment so no third party providers can do this via a tax return submission. Therefore, any third party application would need to file to HMRC and Companies House as part of a separate process. In...
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29 Mar, 2022
Views: 1658
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How do I generate reports within Accounts Production as Word, Excel, PDF or CSV files?
You can generate reports, including financial statements, as Word, Excel, CSV or PDF files by following these steps: Go to Accounts Production. Select Reports from the left-hand menu. Click on the report you want to generate. When the report has been generated, click on Export Report on the...
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18 Mar, 2016
Views: 1616
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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...
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06 Feb, 2018
Views: 1604
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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: 1601
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How do I add a registered office address when I generate financial statements?
If you want to add a new registered office address to a client, follow these steps: Open the client in Practice Manager. Go to Contact Information and click on New Address. Select Registered Office from the drop-down menu and enter address. Go to Accounts Production. Select Client...
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17 Oct, 2019
Views: 1552
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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: 1542
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Do I need to manually tag iXBRL accounts?
You don't need to manually tag iXBRL accounts and there's no facility to do so. Accounts Production generates the iXBRL accounts for you and automatically tags everything it needs to. Creating the accounts is as simple as pushing a button.
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24 Jul, 2015
Views: 1475
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How do I change registered email address for a client?
You can add or change a registered email address for a new or existing client in Practice Manager and you can also submit changes to the client’s registered email address to Companies House using Companies House Forms. Please follow these steps to add or change a registered email address for...
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11 Nov, 2024
Views: 1474
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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: 1471
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