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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...
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24 Mar, 2020
Views: 2040
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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: 2033
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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: 1999
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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: 1966
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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: 1962
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How to Disconnect from the Xero Client
Please note: Xero functionality requires users to be on version 11.15.087 or higher. Please go to Help > About to verify your software version and update as required, to continue to use the integrations with Xero. You will see in the top right-hand side of the Posting screen that you are now...
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17 May, 2023
Views: 1901
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What needs to be disclosed in the Average Number of Employees Note for a Small Company?
The Notes to the Financial Statements for a Small company must disclose the average number of persons employed by the company in the financial year. Only the total average number of employees is required. Within TaxCalc Accounts Production go to Notes > Edit Notes > Average Number of...
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11 May, 2023
Views: 1901
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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: 1885
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Does the trial have any limitations?
The 14-day trial is a nearly fully functioning version of TaxCalc, with some limitations: Anything that is printed will appear with a watermark. You will not be able to file online whilst on a trial period. It is not possible to export any reports to Word/Excel.
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03 Aug, 2020
Views: 1872
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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...
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29 Mar, 2022
Views: 1850
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Is the Average Number of Employees note mandatory for a Small Company?
Yes. Disclosure of the average number of employees is required under the Companies Act. Section 411 (1) The notes to a company’s annual accounts must disclose the average number of persons employed by the company in the financial year. (1A) In the case of a company not subject to the...
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26 Mar, 2020
Views: 1848
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Do I need to disclose the Average Number of Employees if they are NIL?
Yes. The Companies Act s411 (3) & (4) states: (3) The average number required by subsection (1)(a) or (b) is determined by dividing the relevant annual number by the number of months in the financial year. (4) The relevant annual number is determined by ascertaining for each month in the...
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26 Mar, 2020
Views: 1847
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How do I add a firm and/or client logo to the front cover of financial statements?
Adding a firm and/or client logo gives you the chance to add some personality and branding to your client’s accounts. Through Admin Centre and Practice Manager, you can now add a firm and client logo quickly and easily. Adding a logo to your firm’s details within Admin Centre: Go to Admin...
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20 Aug, 2020
Views: 1820
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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...
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19 Aug, 2019
Views: 1733
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Drill-down – view and edit underlying financial information relating to values displayed in your Full/Registrar Financial Statements
When viewing your full and registrar financial statements in “Edit Mode”, you’re now able to access and edit the underlying financial information relating to values displayed in the reports. When the report is generated, select the button to “Switch to Edit Mode” and you’ll notice that...
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02 Dec, 2024
Views: 1706
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