CCH Accounts Production

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1 CCH Accouts Productio

2 accouts productio facig today s challeges Preparig statutory ad fiacial accouts is a core activity for our practice, as it is for may professioal firms. Although legislatio ad accoutig guidelies are costatly chagig ad we re therefore havig to work harder tha ever our cliets are reluctat to accept higher fees. If we wat to cotiue makig a profit from compliace activities we eed to cotiually improve the efficiecy of our operatios. FRS 102 represets the most sigificat chage to accoutig stadards for may years, so it s eve more importat at this time that our accouts productio systems make compliace as simple ad efficiet as possible. We eed to be able to customise accouts at both a idividual compay ad a orgaisatioal level so we ca accommodate house styles ad specific requiremets for presetatio ad disclosure. Our software eeds to support all these demads, makig it as easy as possible to produce high quality fial accouts. 1

3 CCH Accouts Productio the solutio from Wolters Kluwer Produce fully compliat fial accouts every time You eed to feel certai that every set of cliet accouts you produce will satisfy curret statutory ad legal requiremets. That s the peace of mid that comes from automatig the accouts productio process. Quick turaroud High quality fial accouts are produced i the shortest possible time. Choice of formats Stadard formats cover compaies, sole traders ad parterships. Additioal formats are available for group cosolidatios, charities, trusts, farms, pesios, limited liability parterships ad maagemet accouts. House stylig System settigs allow practice prefereces ad house styles to be implemeted easily so you retai complete cotrol over fial cotet ad appearace. Support for the latest stadards Compay accouts are fully compliat with FRS 102 for all compay sizes, icludig first year adoptio disclosures, ad with IFRS, icludig the ability to apply FRS 101. LLP Accouts, Charity Accouts ad Pesio Accouts have all bee updated for Statemet of Recommeded Practice Regular updates Compliace updates are issued regularly ad promptly, ofte supported by semiars, olie presetatios ad other resources. Group cosolidatios A cosolidated trial balace ad statutory accouts ca be prepared from idividual CCH Accouts Productio cliets, savig sigificat time o a log ad difficult process. ixbrl accouts For fast, cosistet taggig, ixbrl tags are automatically applied, based o the uderlyig accoutig data. CCH Accouts Productio creates a stadard ixbrl accouts file that ca be filed olie usig CCH Corporatio Tax or a third-party system, icludig HMRC s ow free product. Direct ixbrl filig A optioal module allows you to file tagged ixbrl accouts directly to Compaies House, savig time ad improvig efficiecy. Prepare accouts quickly ad efficietly with automatic ixbrl taggig 2

4 Quickly customise fial accouts Custom styles ca be quickly applied without chagig the uderlyig accouts formats, so you ca use a existig house style ad make special modificatios for cliets who eed them. Custom styles Edit the look ad feel of the fial accouts formats without editig the formats themselves. Custom styles ca be created at a practice or cliet level. More choice It s possible to customise idividual words, phrases ad eve puctuatio that s commoly used i fial accouts. This allows house stylig to be preserved eve whe the formats are updated. Practice prefereces Notes ad pages withi the formats ca be re-ordered to suit practice prefereces. Fie cotrol Choose whether cash flow otes are icluded i the accouts pages or i the otes to the fiacial statemets. Uderlie legths A sigle chage adjusts uderlie legths throughout a set of accouts to accommodate very short or very log umbers. Eter ad import data from a wide variety of sources We ve worked hard to make data etry as quick ad easy as possible for all types of user. Trasactios ad balaces ca be imported from a umber of sources icludig third-party accoutig software, savig staff time ad elimiatig trascriptio errors. Optimised data etry Data etry has bee desiged for the widest rage of users, from juior staff with basic accouts kowledge to experieced users. Data etry optios Data ca be etered from aalysed cash books, draft trial balaces, bak statemets, cheque stubs or eve a paper bag full of receipts ad bills! Osite workig Idividual cliets ca be securely trasferred to a laptop for osite accouts productio ad review. Simplified workig Ituitive screes are backed by cotext-sesitive prompts to guide users through their work. Data import Trasactios ad balaces ca be imported from a variety of sources, icludig third-party busiess accoutig systems. Olie itegratio CCH Accouts Productio liks with Twifield olie accoutig. This olie accoutig system from Wolters Kluwer allows you to capture bookkeepig data 24/7, icrease cliet collaboratio ad improve the visibility of accoutig iformatio. 3

5 Review ad amed accouts o scree Fial review is a importat but time-cosumig process. We ve made it as simple ad straightforward as possible, while helpig you make sure that othig is overlooked. Drill-dow From the preview of the fial accouts it s possible to drill dow to the uderlyig data. This makes it much easier to review ad fialise accouts. Right-click Right-clickig o ay figure i the accouts will display the formula used to calculate it ad show a breakdow of the omial accout balaces that make up each total. Reduce risk Exceptio reports highlight potetial issues before the accouts are fialised, allowig you to complete the job more quickly. By esurig that all disclosures are idetified ad addressed, risks to you ad your cliets are miimised. Persoalisatio Paragraphs withi the accouts ca be istatly persoalised by right-clickig to edit the uderlyig text held i the comprehesive Statutory Database. Meet cliet eeds It s also possible to go directly to the accouts formats that cotrol the disclosures, layout ad text o each page of the accouts. You ca amed idividual pages to match specific cliet requiremets. Get a breakdow of omial accout balaces by drillig dow from the fial accouts 4

6 accouts productio customer perspectives If you ve set up a cliet properly i the CCH Accouts Productio software, usig the appropriate formats, producig a set of tagged accouts ivolves o more tha a mouse click ad maybe a bit of tidyig up. The software already kows how each item i the accouts should be tagged, because it already uderstads the uderlyig structure of the accouts. Paul Edwards Saffery Champess 5

7 CCH Cetral deliverig a competitive advatage CCH Accouts Productio is part of the CCH software suite. At the heart of this itegrated software suite is CCH Cetral which combies iformatio from multiple applicatios o customisable home pages. CCH Cetral redefies the meaig of itegrated software. Data from across the practice ca be extracted, reported o ad used for CRM, busiess developmet ad practice maagemet. The ituitive, browser-style iterface makes it easy for everyoe eve occasioal users to use the software. Because CCH Cetral operates across the etire software suite you oly have to lear a fuctio oce to be able to use it aywhere. Data maagemet CCH Cetral elimiates wasted effort ad eradicates errors with a sigle, cetral database so you oly have to eter ad update iformatio i oe place. Ad because CCH Cetral works across your software suite, you get a complete picture of your cliets ad your practice without costatly swappig betwee applicatios. Reportig Usig CCH Cetral Reportig, eve o-techical users ca costruct complex reports, simply by draggig ad droppig fields. Data ca be draw from multiple CCH applicatios ad preseted i a sigle report. Simplified cross-cliet ad cross-applicatio reportig eables rapid data miig, opeig up ew markets ad opportuities. Workflow CRM ad busiess developmet CCH CRM powered by Workbooks is itegrated with CCH Cetral so you ca grow your practice ad egage with your cliets usig the iformatio ad skills you already have. The cloud-based CRM system improves the efficiecy of the etire marketig ad busiess developmet process, from ruig evets ad capturig web queries to maagig your ew busiess pipelie ad measurig the retur o your marketig sped. Maagig KPIs CCH KPI Moitorig eables you to maage busiess-critical evets, deadlies ad tasks occurrig across all your applicatios. Whe a trigger coditio such as overdue iformatio, excessive WIP or a completed tax retur is met, the software seds out a alert which ca iclude a report o the exact status of the key performace idicator beig moitored. You ca also use it to automate the productio ad distributio of regular practice reports. CCH Workflow allows you to maage tasks across your etire software suite. Workflows ca be triggered by a evet such as settig up a ew cliet or by the completio of aother workflow, ad ca be exteded to iteract with third-party systems. CCH Workflow helps you moitor deadlies, avoid resource bottleecks ad focus o maagig ed-to-ed cliet relatioships rather tha just idividual jobs. 6 7

8 The Wolters Kluwer differece Wolters Kluwer is oe of the world s largest providers of tax, accoutig ad audit software, iformatio ad services. As a global market-leader with aual reveues of over 3.5 billio, operatios i 40 coutries ad more tha 18,000 employees worldwide *, our software, iformatio ad services deliver smart tools, vital isights, timely traiig ad the guidace of subject-matter experts. I the UK our products ad services supplied through the CCH ad Twifield brads support more tha 20,000 professioals. We work hard to help you improve efficiecy ad reduce compliace risks so you ca use more of your time to build stroger relatioships with your cliets. 97% of the top 100 accoutacy firms use a Wolters Kluwer product 54% of FTSE 350 compaies use a Wolters Kluwer product *Reveue i billio. Other figures from the Wolters Kluwer aual report. Customer umbers based o iteral research, November

9 Fid out more about CCH Accouts Productio For more iformatio about the CCH software suite: Call: * Visit: Wolters Kluwer (UK) Limited. Registered i Eglad ad Wales, No , VAT No Registered Office: 145 Lodo Road, Kigsto upo Thames, KT2 6SR, Uited Kigdom. *Calls cost 7p per miute plus your telephoe compay s access charge DP3472

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