How To
Tax Links Tab
CCH Fixed Asset Register
Overview of the Tax Links Tab.
The Tax Links tab in CCH Central is used to specify what data is brought into CCH Corporation Tax from CCH Accounts Production and the Fixed Asset Register.
If the CCH Accounts Production link - Balance sheet option is ticked then Fixed Asset Register data is imported into CCH Corporation Tax along with other Balance Sheet data.
This setting can be different for each Period of Account.
If it is not ticked, no data is imported from the Fixed Asset Register into CCH Corporation Tax.
Any data previously imported, can be freely edited.
There are some differences between how the Tax Links screen is used with the Fixed Asset Register and how it is used for other data in CCH Accounts Production.
Related documents
Part Disposals
Part Disposals
Changing Entity Type
Changing Entity Type
Asset Movement
The document outlines the functionality of the Asset Movement screen, detailing how asset transactions are recorded in the Fixed Asset Register, independent of CCH Accounts Production. It describes five types of movements: Cost B/Fwd, Addition, Adjustment, Revaluation, and Disposal, each with specific criteria and purposes. The document also covers the protocol for asset movement dates, especially concerning finalized periods, and discusses the Change of Method movement for altering depreciation methods. Additionally, it includes guidelines on how movements affect nominal accounts and the conditions under which movement deletion is permissible.
Asset Classes
The Asset class section is used to define the ledger accounts which must be used for the posting of the asset transactions and the method of depreciation.
Master Asset Classes: Fixed Asset Register
The document outlines the functionality of Master Asset Classes within the Fixed Asset Register's Set Up screen in CCH Accounts Production. These classes provide default settings for client-level Asset Classes and are integral to the CCH chart of accounts versioning system. While Master Asset Classes cannot typically be edited, users can modify them when creating a new Practice Master Pack. Access to Master Asset Classes is through the Set Up screen or the menu path: File > Maintenance > Accounts > Master Asset Classes.