Tax software for tax returns, statutory accounts, practice management and tax consultancy

 

Most Frequently Asked Questions

Frequently Asked Questions - Accounts Platform

Q: There is a ‘0’ at the start of the taxation accounting policy, how do I remove this?
A: In the period specific details screen, click on Notes to the financial statements, Accounting policies, Policy text and then Taxation. On the right hand side, select ‘use policy entered below’, click on the button ‘import the standard policy so it can be edited’ and then delete the ‘0’.

Q:  I am adding an asset for a car under the new rules for a Sole Trader/Partnership where my period straddles 6th April 2009 and the software is incorrectly giving a hybrid rate for the WDA%.
A:  This issue has been raised with the development team and will be fixed in a future release.  The workaround is to amend the rate table in the Allowance Rates tab.
•  Go to the Allowance Rates tab within the Capital Allowances screen
•  Scroll down to the categories for Cars based on CO2 emissions
•  Change the rate for 06/04/2000 to match the corresponding rate for 06/04/2009
•  Click Update Rate

Q: When I print a set of accounts I am getting the directors showing with their share interests and want to remove these
A: You need to access "year specific details" for the client, and then access Directors Report > date and signing of directors report and enter the date of signing for the report. You can also tick the box to not display the date. Once the date has been entered if you go to Directors Report > Directors and their interests > share interests you can then tick the box to say to remove the directors showing on the report

Q: Wages & Salaries are being imported into the cost of sales box on the Self Employment pages incorrectly. How do I change this?
A: You will need to adjust the cost of sales figure and enter the wages & salaries figure into box 18 (Wages, Salaries and other staff costs).

Q: How can I import Interest received onto the Self Employment pages as its not being imported?
A: This will need to be manually entered into box 61 (Income, receipts and other profits included in business income or expenses but not taxable as business profits) on page 3 of the Self Employment pages.

Q: I have completed a set of limited company accounts and when I print the accounts the senior statutory auditor is printing on the full accounts but not on the abbrev accounts.
A: This was an issue with the first release of the Accounts 2010 software but this has been resolved in version 5.1.12 which can be downloaded through the spanner icon, web updates tab of the program, or via the software updates section of the website

Q: I have done a set of accounts and on the share screen have three share types, ordinary, ordinary A and ordinary B. I have now come to do the following years set of accounts and need to change the ordinary B shares but get a message to say this is not possible.
A: This issue is being caused by the authorised shares option being removed from the share capital window in the April 2010 Accounts release. this has been resolved in version 5.1.12 which can be downloaded through the spanner icon, web updates tab of the program, or via the software updates section of the website

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