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How do I remove the balance sheet from Sole Trader accounts?
To remove the balance sheet from a Sole Trader account, follow these steps: Go to Accounts Production. Select Notes from the left-hand menu. Click on Edit Notes. Select Report Type from the left-hand menu. Click on Income and Expenditure Account. The accounts that are generated will...
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18 Mar, 2016
Views: 1075
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Treatment of Director's Loan Account in the Financial Reports
We have made changes to how the director's loan account appears in the financial statements. If the directors are selected against postings made in the posting batches, then the figures will split between debtors and creditors in the balance sheet as we total entries per director. If you do not...
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01 Sep, 2016
Views: 1057
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How do I remove the accountant's name on the accounts?
If you don't want the accountant's name to appear on the accounts, you can remove it by following these steps: Open the client in Accounts Production. Click on Client information on the left navigation menu. Select Address. Click on Accountants. Click on Remove address on the top right...
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14 Jan, 2015
Views: 1045
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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: 1021
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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: 1019
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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: 1005
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What's the difference between renewing, upgrading and updating my TaxCalc software?
At TaxCalc we use the same terminology that's used across most software markets. Some of these expressions can seem similar so to avoid confusion, this page gives an explanation of each. Renewal If you're a user of our Accountancy Practice software, you'll be invited to renew your package 30...
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23 Oct, 2019
Views: 1003
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How do I import a Trial Balance using third party APIs?
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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18 Nov, 2019
Views: 990
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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: 963
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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: 937
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TaxCalc integration with Xero
TaxCalc has started the integration process with Xero to allow for seamless transition of data. This will mean a trial balance can be imported directly in to a specified year-end into the Accounts Production module. Please note: this functionality is available from version 6.3.041 or higher. ...
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13 Nov, 2018
Views: 937
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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) In...
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10 Feb, 2016
Views: 936
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Replacement of 0845 numbers with 0345 ones
We have now fully replaced our 0845 numbers with 0345 equivalents. We have switched only the initial two digits in every case so, for example, our main support line has changed from 0845 5190 882 to 0345 5190 882. Almost all customers will pay slightly less for a call to these numbers than they...
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23 Oct, 2019
Views: 849
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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: 840
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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: 812
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