What's new?

Update to the 2021 LLP SORP

In line with the Statement of Recommended Practice (SORP), issued in December 2021, for Limited Liability Partnerships (LLPs), we’ve updated to reference the new SORP and updated the wording from ‘unallocated profit’ to ‘undivided profit’. A small but necessary compliance update.

Automatic population of the Tax Return

As mentioned above, when preparing rental accounts, you can now transfer those values straight into the UK property pages of your clients’ Self Assessment tax returns within TaxCalc Tax Return Production, thus speeding up tax return completion and reducing the risk of transposition error.

Edit account descriptions on-the-fly

We are always looking for ways to speed up the accounts preparation process as we understand how time consuming this can be. It is now possible to edit any account descriptions directly from the Financial Statements when in edit mode, allowing any amendments to be made on-the-fly during the review process. Customisation at speed.

Override template
recurrence setting

Job Templates in Practice Manager Plus allow everyone to follow the same workflow when executing a specific piece of work. However, where a job has been altered for a specific client, we’ve made it easier to retain those changes on recurrence.

For example, where you want to change the assignee on a specific job on a recurring basis, or have set ‘Custom’ date on a Job Template for Payroll but want to set the due date and recur the job monthly from that date. Well, now you can.

Customisation of Client Information
using Custom dropdown menus

Now you can create Custom Fields using a pre-set selection of options within a dropdown menu. By determining a set list of descriptions in the new Custom Field, you can define and manage how Client Information is recorded within your practice, such as industry sector, reason for leaving, who completes the client’s bookkeeping, and so on. This gives you greater control and consistency, plus the ability to use the power of TaxCalc data to interrogate and mine your client’s data for complete visibility.

Custom Fields
added to Mail Merge

Now you have the flexibility to bring even more personalisation into your letters when creating a Mail Merge. Just access data from Custom Fields within Practice Manager and easily pull in the specific client data to populate your letters.

Bulk assign clients to Portfolio Manager

Making it easier to manage and re-assign users to the right clients, you can now allocate a Portfolio Manager to your clients in bulk. For example, if one of your colleagues is leaving the firm, you can now filter all their clients (using a Data Mine condition for Portfolio Manager) and assign them to someone else. Similarly, if you’re taking on new staff and wish to re-assign clients to them, all that can now be done in just a few clicks.

Relationship Report

We’ve created a new client report that provides detailed relationship data for all clients, including: Relationship type, Relationship name, Relationship date of commencement/cessation and Main contact. This puts essential client information at your fingertips, which can also be interrogated further to provide specific detail (such as data mining clients by Client type) or brought over into other reports for analysis and decision-making.