How To
Revaluations
CCH Trust Accounts
It is sometimes necessary to revalue a holding without affecting the CGT on a subsequent disposal. To do this an A1 purchase is posted with zero units. This entry is shown on CGT reports but does not affect the CGT cost provided that there are no other entries for the holding on the same day. On the investment schedule the entry is shown as an acquisition of zero units which updates the cost.
|
Movement code |
CGT/Accounting rule |
Description |
|
SOR |
A1/Normal Purchase |
Surplus on revaluation |
If the entry is a downwards revaluation, then the amount should be negative. The logged-in account should be set to the Revaluations account.
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