How To
Overview
CCH Fixed Asset Register
The Business Tax area of CCH Personal Tax summarises the Accounting Period balances. The screen is accessed by selecting Business Tax, clicking the link for the Business and clicking the link for the Accounting Period.
When CCH Accounts Production is in use, data can be imported from CCH Accounts Production and the Fixed Asset Register into the tabs on the Accounting Period screen
- CCH Accounts Production supplies the data for the Income, Expenses and Balance Sheet tabs.
- CCH Fixed Asset Register supplies the detailed Additions and Disposals which are accessed through the Capital Allowances tab.
Access the Fixed Asset Register from CCH Personal Tax using the Fixed Asset Register icon
This section discusses how the link from CCH Fixed Asset Register to CCH Personal Tax is set up and run;
- Setting Up the Tax Links screen This explains how the link between CCH Fixed Asset Register and CCH Personal Tax is set up.
- Exporting the data from CCH Accounts Production This explains how data is exported from CCH Accounts Production before it can be imported into CCH Personal Tax.
- Importing the data into CCH Personal Tax This explains how the data can be brought into CCH Personal Tax.
- Allocating Additions and Disposals in Personal Tax to an Asset/Pool type This explains how Additions and Disposals that have been imported into CCH Personal Tax need to be allocated to the correct Asset/Pool types using the Business Tax Movements screen.
- Movements screen This explains how the Business Tax Movements screen is used with imported Additions and Disposals.
Related
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.