Topic results Accounting Periods

CCH Trust Accounts
Overview and setting up clients and accounting periods
This document provides a comprehensive guide on setting up and managing CCH Trust Accounts for Estate (Probate) purposes. It outlines the chart of accounts format, emphasizing the use of 4-digit nominal codes and the import process. The document details the steps to create a client, check for existing clients in CCH Central, and link or unlink clients. Additionally, it explains how to establish accounting periods, emphasizing the use of Autoload for setting up multiple periods of account in line with probate regulations, and offers instructions for generating interim accounts.
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CCH Corporation Tax
Multiple accounting periods
The document outlines the procedure for creating CT600 submissions for multiple accounting periods within a single period of account. It emphasizes the need for separate submissions for each period, ensuring data validation errors are addressed and settings for accounts and computations are correct. Only the second accounting period should attach the required accounts and computations. It is crucial to correctly link the accounting periods to avoid deletion by HMRC due to submission delays exceeding one day.
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CCH Corporation Tax
Creating a Trade - 3 Accounting Periods
This document outlines the procedure for creating a trade for a limited company within specific accounting periods. A trade can be established when there are one to three accounting periods in the period of account. Users are guided on accessing the client details, selecting the appropriate period, and utilizing the Data Navigator to add trading income. The process includes naming the trade, entering commencement and cessation dates, adjusting accounting periods, and selecting the trade type from a dropdown menu, which defaults to "UK trade."
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CCH Corporation Tax
Creating a Trade - 1 or 2 Accounting Periods
The document outlines the steps to create a trade for a limited company client in contexts with one or two accounting periods or within three accounting periods (with only two trading). It details how to access the appropriate section in the client details page, enter trade specifics like name, start and cessation dates, and designate the primary trade for accounting adjustments. The default trade type is set to "UK trade" but can be modified as needed.
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