How To
Accrued Interest
CCH Trust Accounts
Some entities calculate the exact income that is due up until the end of their financial year. This involves calculating an accrual for the interest that has accrued from the last payment date up until the end of the financial year. Normally, this entry is reversed on the first day of the next financial year. Accruals of dividends and interest are handled using movement codes ACD and ACI, which use CGT rule codes V3 and V4 respectively. Accrued Interest should not be confused with Accrued Income.
Related documents
Linking to clients in CCH Central
This document provides instructions on how to link and unlink clients from CCH Central in the CCH Trust Accounts system. To link a client, the user must select the client, click "Edit," then "Link," and choose the appropriate client from Central. Once linked, certain fields become non-editable in Trust Accounts. To unlink a client, the user clicks the "Unlink" button, which restores editability but deletes any accounting periods in Central. Key fields updated from Central include client name, address, and contact details.
Database Parameters
Various features in Trust Accounts are optional. To set up many of these, from the Activities menu select System Management, and then Database Parameters.
Data Parameters
Various features in Trust Accounts are optional. To set up many of these, from the Activities menu select System Management, and then Database Parameters.
Database Parameters
Database Parameters
Passwords
Passwords