Keytime Accountants' Suite Update 18.3.0

Keytime
Accountants' Suite Update 18.3.0 



The latest update of Keytime
Accountants’ Suite is now available to download



Running the Update

Ensure that you have taken a recent backup of your Keytime data prior to running the update. Instructions on how to back up can be found at https://kb.keytime.co.uk/keytime/keytime/backing-up-your-keytime-data/

  1. Close all Keytime software
  2. Download the update choosing Run (or Save if you wish to store the file in the network location to update other computers in your office)
  3. Run the update and follow the on-screen prompts.  Click Finish when prompted to close the installer.
  4. Restart the PC if prompted.
  5. Run the update on every PC accessing Keytime software (access the update from the network location in step 3 above).
  6. To check the version number open any Keytime module and click the Help menu select About.

We’re pleased to announce version
18.3.0 release of Keytime Accountants’ Suite.  This year we’ve brought you several new bookkeeping integration
options for Accounts Production; you can now import trial balance data
from KashFlow, Xero, PTP Accounts Production as well as
from Excel in the form of csv files.  Our Autumn release adds Quickbooks to this line up, making it easier and
quicker than ever to take your clients’ records from trial balance to producing
statutory accounts and filing at Companies House. 

 

Accounts Production 

 

Import Trial Balance from Quickbooks  

·        
Link directly to your Quickbooks client 

·        
Saves and uses your Quickbooks agent login 

·        
Import cumulative trial balance or periodic movement 

·        
Imports to a journal; you can reverse, edit and repost the journal
as necessary 

·        
Pre-mapped Quickbooks template ready to use 

 

Audit Report 

ICAEW have updated their guidance on the use
of the use of accounts by third parties statement, or ‘Bannerman clause’. 
The guidance doesn’t change the wording of the statement but repositions it at
the bottom of the audit report, above the signature.  The audit report has
been updated to reflect this change. 

 

CICs Disclosure of Directors’
Remuneration  

The Community Interest
Companies Regulations 2005 has been amended, from 28th August 2019 community interest companies
are required to disclose details of directors’ remuneration and benefits. 
A new note has been added to CIC type companies to disclose this
information.  

 

General 

·        
Statement of comprehensive income has been enhanced to allow a
breakdown and flexibility in the reporting of items of equity; user defined
items of equity and respective values are now allowed 

·        
The system can detect and replace a statement of retained
income with a statement of changes in equity where this report is more
appropriate.  Submissions were failing where a statement of retained
earnings rather than a statement of changes in equity had been included 

·        
Xero integration has been enhanced; the Xero client is now saved
against the Accounts Production client, periodic balances can now be imported
to journals 

·        
Various defects reported have been fixed     

·        
Updates to iXBRL limited company, LLP and charities taxonomies 

·        
Updates to Companies House schemas 

 

Personal Tax 

·        
Various defects reported have been fixed 

·        
Updates to HMRCs specials and exclusions 

 

Corporation Tax 

·        
New data entry screen within losses and deficits to handle new
deduction allowance 

·        
Various defects reported have been fixed 

·        
Updates to HMRCs taxonomies and schemas 

·         Improvements to better handle RDEC


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