Topic results Period Management

CCH Corporation Tax
Period Management
This document outlines key topics related to Period Management in tax software, including how to create, edit, and delete accounting periods, as well as managing access for multiple users. It also discusses the Tax Return Status feature, which tracks the status of a Tax Return throughout its compliance process. The information is aimed at helping users effectively manage their accounting periods and related data within the software.
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CCH Corporation Tax
Editing Periods
The document details the process for editing Accounting Periods (APs) and Periods of Account (POAs) during tax return preparation prior to submission to HMRC. It highlights the ability to adjust dates while noting potential warnings related to mandatory data and possible data loss. It outlines specific steps for editing APs and POAs, including conditions for changes and restrictions related to trading periods. Users can navigate through the Tax Returns Tab and utilize the Edit links to make necessary adjustments while ensuring no more than two trading accounting periods exist at any time.
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CCH Corporation Tax
Deleting Periods
The document explains the procedures for deleting accounting periods in a tax management system. Direct deletion is not possible; periods can only be edited or removed during the account deletion process. Users must close all open tax returns and follow specific steps to delete periods, including starting with the last period. A warning message ensures accidental deletions are avoided, and users need to confirm deletion, which results in permanent data loss. Additionally, periods attached to workflows cannot be deleted without exporting and re-importing the client.
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CCH Corporation Tax
Creating New Periods
This document provides guidelines on creating Periods of Account (POAs) and Accounting Periods (APs) for Corporation Tax clients. It outlines the steps for establishing POAs from the Tax Returns tab, setting start and end dates, and adjusting durations as needed. If a POA exceeds 12 months, the software auto-generates two accounting periods. Additionally, it explains the process for rolling forward tax data and notes, as well as creating new POAs for existing clients. The document emphasizes essential editing options and conditions under which certain features may be restricted.
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CCH Corporation Tax
Access to period data for multiple users
This document outlines the process for handling locked client records in accounting software, specifying that while a case is in use by another user, editing is restricted. Users can only view or print the Tax Return and check submission status. To unlock a case, users should navigate to the Maintenance section, select locked records, and delete the lock. It also includes a related link to Period Management for further guidance.
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CCH Fixed Asset Register
Prior period entries
The document explains the functionality of the Fixed Asset Register in relation to asset movements and prior period adjustments. It outlines that movements can be made in prior periods unless finalized in CCH Accounts Production, and allows for adjustments affecting depreciation calculations without posting an asset movement. It highlights the implications of changing settings related to depreciation, noting that such changes will affect both prior and subsequent periods, leading to discrepancies between the Fixed Asset Register and nominal ledger, which may require additional entries to reconcile. If no prior period adjustment is necessary, changes should be made in the current period.
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CCH Fixed Asset Register
Periods
The document outlines the settings and functionalities of the Periods screen in the Fixed Asset Register (FAR). It details how to add accounting periods, with options for linked and non-linked periods to CCH Accounts Production. Key features include settings for automatic generation of asset codes, full-period depreciation calculations in the acquisition period, and depreciation policies during asset sales. The document also informs on the handling of periods at year-end and the implications for depreciation when assets are bought or sold within the same period.
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CCH CGT And Dividend Scheduling
Edit Portfolios and Periods
The document describes the functionality of the "Edit Portfolios and Periods" window, which allows users to modify portfolios and portfolio periods. It highlights that the fields for "Portfolio Reference," "Portfolio Period," and "Report" are all editable, enabling users to make necessary changes as required.
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