Disclosure of revaluations in Non-Corp Sole Trader accounts - V3

The current template does not support this disclosure when the client type in the Start document is set to Sole Trader.

Revaluation mapping exists in Partnership accounts in the mapping range H03, which you can use when the Client Type is changed to Partnership.

The process to change a Sole Trader to Partnership is as follows:

1. Reset the Start document then Override built accounts. For further guidance, click here.

2. In the Start document, set the Client Type to Partnership. 

3. In the General Information document, set the Partners' details as highlighted below (there will be a warning that a change should be made to select Sole Trader – you can ignore this).

4. Set the Balance Sheet options in Accounts Wizard to Summarised- By type of account.

5. Map revaluations to H03.01.02

6. Remap H00 codes to H01 codes, with corresponding descriptions.

7. You can amend the descriptions within the accounts via the standard method. For example, changing references from Partner to Sole Trader.