startCCH Fixed Asset Register - Known Issues
Known Issue

CCH Fixed Asset Register - Known Issues

CCH Fixed Asset Register
Last update: Reading time 2 minutes
Known Issues

    CCH Fixed Asset Register - Known Issues

    Last update: 28 April 2017

    Date Raised ITS Description Workaround ( If applicable) Scheduled/Resolved
    07/02/2017 56126 The Fixed Asset Register (FAR) should cope with gaps and overlaps in the Accounts Production accounting periods

    CCH Accounts Production can create both gaps and overlaps in its Accounts Period dates.
    • Gaps - These can arise when the year end is 28th February. If the year end is 28/02/2016, then, on rolling forward, the next year starts on 01/03/2016 creating a gap of one day.
    • Overlaps - These can arise when you have a client with a short accounting period on UK GAAP and convert to FRS102. When you do this, Accounts Production creates a comparative FRS102 accounting period. But instead of using the dates of the short accounting period, it assumes the comparative period is a full year and this overlaps the previous year's UK GAAP period
    		 If this issue occurs, you have to edit the dates in CCH Accounts Production to remove the gaps and overlaps before you are able to get into the FAR. TBA
    27/03/2017 56255 The link from Fixed Asset Register (FAR) to CCH Corporation Tax does not bring in any data for FRS105 clients

    For 2017.1, a Schedule of Tangible Assets has been added to CCH Accounts Production's FRS105 Management accounts. This allows asset balances to be brought into CCH Corporation Tax from CCH Accounts Production, but no additions or disposals are brought in from the FAR.    		 The data needs to be entered manually. TBA

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    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.