Non corporate specific documents - V3

When creating a Non Corporate set of accounts there are only a small number of differences from the wizards.

There are also some additional CaseView documents available to assist with the preparation of the accounts.

The two main Non Corporate documents are the Partner Appropriation Workings (PAW), and the Self-assessment summary statement, (SAS).

1. In the General Information screen, there is a section to enter the partners’ details and profit share.

2. Where there is a change in the number of partners during the year enter Yes to Has there been a change to the partnership structure during the period?

The number of partners is calculated automatically by the number of partners mapped on the trial balance.

3. When selecting Yes to changes in the partnership structure a new option appears.

This is for the Partner appropriation workings.

Partner appropriation workings (PAW)

When there has been a change in the partnership structure during the year, the changes need to be entered into the PAW in order to be reflected in the accounts.

1. Enter the type and date(s) of the changes in the first table

The table will cater to up to 12 separate changes during the period.

2. Entering a date of change creates a new section in Table 1 of the PAW that shows the different periods.

For all periods, enter the profit share for each partner. 

Any pre-allocated profit will be calculated by CaseView and will be split accordingly.

You will have the ability to override the allocations if automatic time apportionment is not suitable.