Program   Implemented new algorithms to eliminate rounding differences in the Limited Company, Sole Trader and Partnership Financial Statements. Added the ability to open multiple clients and multiple accounting periods at the same time. Added the ability to quickly open and switch between different clients and their accounting periods from within an existing accounts production screen. Improvements to the Import and TaxCalc Bridge functionality (isolated some minor bugs) as well as related design changes. Several improvements to the Relationships wizard to streamline the process and prevent multiple copies of the same relationship being created. General text phrasing improvements throughout the program. Various speed improvements.

Reports   General improvements have been made to the Financial Statements. General improvements to the layout and display of values within the Financial Statements (spacing, underlines, use of brackets around negative figures).

Validations   Added validation to the Limited Company Financial Statements to ensure that the name and date of the Director signing the Balance Sheet has been entered. Relaxed Post Code validations so that Non-UK post codes can be entered.

Program   TaxCalc Bridge has been updated to allow linking to TaxCalc 2012 return files. The Client Hub will now allow users to import clients from 2012 as well as 2011 tax return files. The Client Hub will also allow linking to multiple returns from 2010-11 or 2011-12 tax years (or any number of periods for CT600 returns). To ensure that client information remains consistent, linked tax returns/clients remain associated and you may synchronise personal data between the Client Hub and the tax return files.

Program   Some general interface refinements have been made. The default file type of the exported iXBRL files has been changed from .html to .xhtml. because this is more commonly preferred by tax filing software. Changing the salutation of a client will now automatically change their gender, where appropriate. The application will now accept and correctly display long and/or uncommon post code formats. You can now select multiple clients within Client Hub to perform bulk delete and archive functions. The amount of top-level information presented to the user when looking at a password protected client in client lists has been reduced. General improvements have been made to the Backup and Restore function’s user interface. Functionality to lock accounting periods from being edited has been improved. Made some improvements to the Posting window, namely in selecting partners/directors and in typing accounts by title rather than by code. Searching the Chart of Accounts will now default to filtering the list rather than find the first account that included the search term. The Windows service that helps TaxCalc Hub find the database on a network now loads faster following a restart of the computer.

Reports   Some general layout improvements have been made, based upon valued customer feedback. Updated disclosure options within Limited Company financial statements concerning Geographic Turnover, Government Grants and Going Concern. Refined the logic behind the automatic display of some notes when narratives are being brought forward from earlier periods or when postings to the nominal ledger have changed. Corrected an issue with note numbering that could occur on the Abbreviated Limited Company financial statements. Trial balance report now displays accounts that balance to zero using hyphens rather than zeros. Further improvements to the presentation of financial statements created by using the Microsoft Word export function.

Validations   Added new validations in the Check & Finish screen, specifically for Limited Company financial statements.

New Features   You may now display financial statements in euros or US dollars, which will be reflected in all reports. For limited companies, this will also be reflected in the iXBRL. The option to change currency is displayed when selecting a specific accounting period to open and will affect all accounting periods for that particular client. Current account information (the name and code of the open client as well as the accounting period) now displays in the upper-right corner of the Accounts Production application, so it is always clear which period is open. Added a new Number column to the Share Capital Allotted note to allow entry of the number of shares (as is already available on the Shares Issued note).

Database & Program   Generally, the program styling and messaging have been upgraded. Added Release Notes advisory and hyperlink to Help > About and the automatic ‘an update is available’ message. Added ‘Getting Started’ process for creating the admin user and office details when the application is run for the first time. This will not affect existing users. When starting the application, the username of the last user on that computer will be remembered. Upgraded client password protection across client accounts. Multiple minor amendments to the general functionality, such as ensuring the ‘automatically skip this step next time’ screens recall user choices. ‘Alternative Accountant’ option added to provide an address that is not a firm office address. Chart of Accounts printing amended so that footers display correctly.

Reports   Generally, the report designs and appearances have been upgraded. Generally improved the refreshing of previews within notes screens. Presentation of Audit Trail, Nominal Ledger and Trial Balance reports improved. Provisions for bad debt (in Creditor’s Due note) added to Trade Creditors. Resolved issue with bringing forward opening balances into the Partners' Capital Accounts (Partnership accounts). Calculations for the previous year figure within the Deferred taxation note updated.

Validations   Check & Finish messages logic has been upgraded.

New Features   You may now print the Chart of Accounts directly from the Accounts Production application. You may now export Financial Statements to MS Word.

Roles   The permissions associated with roles, especially the Admin account, have been revised.

Licensing   You may now licence through a proxy server.

Database & Program   The Database Backup and Restore functionality has been stabilised, leading to smoother functionality. The supplementary Information within Client Hub has been upgraded, so that additional client data automatically displays (e.g. Tax Return Status, Engagement Status, etc).

Reports   Generally, the report designs and appearances have been upgraded. Display logic enhanced for Debtor's note, such as Directors Loan Account entries and display values of 'Other taxes and social security'. Added subtotal to 'Obligations under finance lease' and another to 'Obligation under finance leases and hire purchase'. Where necessary, ensured instances of 'At start of period' and 'At end of period' display the start and end dates for that period. Display logic updated for Trade Debtors on the Lead Schedule report. Introduced non-FRSSE introductory text for Accounting Policies note. Minor amendments to the Lead Schedule report. Notes Preview refresh rate on the 'Tangible fixed assets and depreciation' note improved. Company information added to Notes Preview as appropriate. The year end date is now automatically incorporated within the default Accountant's Report. 'Signing' capability expanded: the Company Secretary may now 'sign' the Director's Report. Check & Finish messages logic upgraded. iXBRL tagging updated for items within the Tangible fixed assets and depreciation note and the Shares note. Bringing Forward of Opening Balances – directors or partners are now brought forward as appropriate.