What's new

Revenue now require the PrincipalCurrencyUsedInBusinessReport tag, along with an explicit currency declaration, to be included in all sets of iXBRL financial statements submitted to them.

We have automatically included this in the iXBRL file generated by the app. You may need to regenerate any files already created but not submitted prior to this update to support successful filing.

The UK Sole Trader and Partnership compliance packs have been updated to include:

Chart of accounts

• Improved descriptions on nominal codes.
• New other movement nominal codes for each of the tangible asset categories.
• New bad debt provision nominal code within debtors.
• New other tax payable nominal code within current liabilities.
• New nominal codes for VAT liability, PAYE and social security and other tax payable within long-term liabilities.
• New nominal codes for wages and salaries, subcontracted staff and employers NI within cost of sales.
• New nominal codes for rent receivable, commission receivable, management charges receivable and other operating income within other operating income.
• Improved chart of accounts mappings between Sage Business Cloud Accounting and Final accounts.

Accountant’s report

• Improved customisation of the ICAEW, ICAS, ACCA and CIMA accountant's reports. Users can now easily edit the report and include either the full report or remove optional paragraphs to create the core report.

Profit and loss account

• New row for other operating income added to the profit and loss account.
• Improved spacing in the profit and loss account.

Notes to the accounts

• Improved default wording for the intangible assets and tangible assets accounting policies.
• New spare accounting policy for any additional policies required.
• Balance sheet notes now show all nominal accounts added to the chart of accounts for additional detail in the set of accounts.
• Tangible assets note now has an improved landscape layout when there are five tangible asset categories that have nominal postings.
• Profit and loss account analysis note now includes a section for other operating income.

• The UK Partnership compliance pack includes a validation to ensure at least two partners names are entered.
• Missing data warnings added to ensure the accountants name and address data has been entered.

See Sole Trader for more information on the Sole Trader compliance pack in Sage Accountant Cloud | Final Accounts.

See Partnership for more information on the Partnership compliance pack in Sage Accountant Cloud | Final Accounts.

We’d love your feedback, let us know by clicking the feedback megaphone icon in the global navigation bar at the top-right corner of the application.

We’re pleased to announce the first compliance pack for Limited Liability Partnerships (LLPs). You can now create a set of compliant accounts for a micro-entityLLP, reporting underFRS105. This new Compliance Pack includes:

• Option to prepare filleted accounts for the purpose of filing with Companies House in accordance with Section 444 of the Companies Act 2006 (as applied to LLP’s).
• Option to create a dormant set of accounts in accordance with Section 1169 of the Companies Act 2006 (as applied to LLP’s).
• Ability to generate the Members’ set of accounts and the Companies House set of accounts in PDF and iXBRL format.

iXBRL

• Easy to create a set of accounts in iXBRL format with iXBRL tags automatically applied, including all mandatory tags, to ensure valid submission of the files to HMRC and Companies House.

Check set of accounts

• Specific validations have been included to provide more information to help ensure that the sets of accounts are accurate and compliant. The validations ensure a compliant iXBRL file is created.

See Limited Liability Partnership for a guide to the LLP client type in Sage Accountant Cloud Final Accounts.

We’d love your feedback, let us know by clicking the feedback megaphone icon in the global navigation bar at the top-right corner of the application.

This compliance pack has been updated to include:

• Option to create a Non-charitable Company Limited by Guarantee set of accounts when creating a new set of accounts or at any time within Set of Accounts Options > Period Options > Compliance Pack.
• Option to create an Amended set of accounts for paper filing with Companies House. This option is located in the Data tab > Cover > Company Details.

Accountant’s Report

Improved customisation of the ICAEW, ICAS, ACCA and CIMA Accountant’s reports. Users can now easily edit the report and include either the full report or remove optional paragraphs to create the core report.

Updated ACCA website links in accordance with Technical Factsheet 163.

See Prepare amended accounts for Companies House and UK Non-charitable Company Limited by Guarantee for more information on the UK Micro-entity (FRS 105) compliance pack in Sage Accountant Cloud Final Accounts.

We’d love your feedback, let us know by clicking the feedback megaphone icon in the global navigation bar at the top-right corner of the application.

We’re pleased to announce the first compliance pack for the Republic of Ireland. You can now create a set of compliant accounts for Micro-entities reporting under FRS105 in the Republic of Ireland. This compliance is relevant for periods beginning on or after 1 January 2017, early application is permitted.

This new Compliance Pack includes:

• Option to create a dormant set of accounts in accordance with Section 365 of Companies Act 2014.
• Option to abridge the CRO set of accounts for the purpose of filing with Companies Registration Office (CRO) in accordance with Section 353 of Companies Act 2014.
• Easy to download the CRO set of accounts for filing purposes to Companies Online Registration Environment (CORE).
• Option to generate the Revenue set of accounts in PDF or iXBRL format for submission to Revenue with the Corporation Tax return.

iXBRL

• Easy to create a set of accounts in iXBRL format with all the iXBRL tags automatically applied including all the mandatory iXBRL tags to ensure a valid submission file to Revenue.
• The Revenue set of accounts includes a Detailed profit and loss account with all the iXBRL tags automatically applied.

Check set of accounts

• Specific validations have been included to provide more information to help ensure that the sets of accounts are accurate and compliant. The validations ensure a compliant iXBRL file is created for Revenue and a compliant PDF for CRO purposes.

See Republic of Ireland Micro-entity (FRS 105) for more information on the Republic of Ireland FRS105 compliance pack in Sage Accountant Cloud Final Accounts.

We’d love your feedback, let us know by clicking the feedback megaphone icon in the global navigation bar at the top-right corner of the application.

We’ve brought you a new summary for each set of your accounts. You can now see an overview of your accounts in a single place. The new summary includes:

• Your iXBRL accounts created for this set of accounts
• Period details including the Compliance Pack data used to determine your reporting requirements

We now hide some of the Companies House credentials:

• Presenter authentication code
• Company authentication code

See Submit an IXBRL file to Companies House for more information.

The Compliance Pack has been updated to include:

Set of accounts changes

Resolved an issue where the Turnover section of the Profit and loss account analysis code scrolled off the PDF page when there are 25+ Nominal Accounts shown.

See UK Partnerships Compliance Pack for more information about the specifics of Partnerships in Sage Final Accounts.

The Association of Accounting Technicians (AAT) have a template for the Accountants Report. This has been added to the latest FRS105 and FRS102 Section 1A Compliance Packs.

Further Information

• The Association of Accounting Technicians
• AAT Accountants Report Template

The Compliance Pack has been updated to include:

Data changes

• New option to choose whether the accountant is a sole practitioner or an accounting firm which changes the wording on the Accountant’s report.

Accountant’s report changes

• Accountant’s report now shows a single report heading in the PDF for all report styles chosen.
• Accountant’s report wording now supports either a sole practitioner or an accounting firm by switching the text on the Accountant’s report accordingly for all report styles.

See UK Sole Trader Compliance Pack for more information about the specifics of Sole Traders in Sage Final Accounts.

The Compliance Pack has been updated to include:

Data changes

New option to choose whether the accountant is a sole practitioner or an accounting firm which changes the wording on the Accountant’s report.

Accountant’s report changes

• Accountant’s report now shows a single report heading in the PDF for all report styles chosen.
• Accountant’s report wording now supports either a sole practitioner or an accounting firm by switching the text on the Accountant’s report accordingly for all report styles.

See UK Partnerships Compliance Pack for more information about the specifics of Partnerships in Sage Final Accounts.

Chart of accounts changes

• The Chart of Accounts has been revised to align it more closely with other new UK GAAP compliance packs.
• This includes the addition and removal of several Nominal Accounts along with the renaming of several others.
• For a full analysis of these mappings, See UK Micro-entity FRS105 Compliance Pack
• We’ve also updated Nominal Groups to support the Chart of Accounts changes.

Data changes

New option to choose whether the accountant is a sole practitioner or an accounting firm which changes the wording on the Accountant’s report.

Set of accounts changes

• On the Accounts Preview the Full report is now more clearly described as the Members report.

FRS 105 Triennial review 2017 changes

• Addition of an ‘Average number of employees’ note in accordance with paragraph 577 of Triennial review 2017
• Addition of an ‘Off-balance sheet arrangements’ note in accordance with paragraph 577 of Triennial review 2017

Directors report

• Directors apostrophe improvement applied to the following areas:

• Directors report
• Directors advance, credit and guarantees note

• Directors report section on Incorporation and change of name heading improvement to ensure the correct description resolves in all cases.
• Political donations and expenditure has been improved as follows:

Political donations and expenditure introduction text has been changed to political donations rather than political contributions.

• Non-EU Political donations nominal code 8190 has been removed from the Chart of Accounts and this data is now located in the Data tab.
• EU Political donations chart code 8180 has been renamed to Political donations.
• Output rules for Political donations and expenditure within the Directors report has been improved given the changes to the Non-EU Political donations data detailed above.
• The location of Non-EU Political party contributions now appears after Political expenditure paragraph, within the Directors report.

• Registered office has been removed from the Directors report for simplicity as there is no compliance requirement to show the address and the registered office information is also located in Officer and Professional Advisers section.

Accountant’s report changes

• Accountant’s report now shows a single report heading in the PDF for all report styles chosen.
• Accountant’s report wording now supports either a sole practitioner or an accounting firm by switching the text on the Accountant’s report accordingly for all report styles.
• New report style option to choose the AAT Accountant’s report for AAT members, in response to customer feedback.

Detailed Income Statement

• Individual detailed income statement tables are now fully aligned with the income statement headings.
• Fully reworked to reflect the Chart of Accounts changes.
• The ‘restated’ reference in the table headers are now applied to the relevant tables only i.e. those tables containing a restatement rather than all detailed income statement tables.
• Logic has been applied to Nominal Accounts which cover both income and expense items such as ‘Gain or loss on disposal of tangible assets’ to ensure that the balance is correctly reflected in the correct income statement category.

See UK Micro-entity Company (FRS 105) Compliance Pack for more information about the specifics of FRS105 in Sage Final Accounts.

The Compliance Pack has been updated to include:

Chart of Accounts changes

The Shareholders funds (restated) nominal group should only be used in the comparative period so this has been corrected. Improvements to some of the Nominal Account descriptions for consistency.

Data changes

• Capitalisation consistently applied to all headings within the Data Entry.
• New option to choose whether the accountant is a sole practitioner or an accounting firm which changes the wording on the Accountant’s report.

Set of Accounts changes

• Abridged Statement of consent has now been moved to the Statement of financial position, below the Directors responsibilities. Any changes previously made to this statement will be lost on update.
• Information messages have been improved to ensure they show when required in the following areas:

• Cover Page with regards to the Accountant’s details
• Officers and Professional Advisers
• Officers names on the Directors report
• Statement of Financial Position sign off

• Directors apostrophe improvement applied to the following areas:

• Directors report
• Directors advances, credit and guarantees note

• Directors report section on Incorporation and change of name heading improvement to ensure the correct description resolves in all cases.
• Ability to now enter both positive and negative values into the data entry for disclosures required within the following notes:

• Profit before tax
• Exceptional items
• Financial instruments
• Related party transactions

• Improved rules on the opening rows of the fixed assets movement notes so they are consistent.
• Improved wording on the introductory paragraph and restated description in the Transition to FRS 102 note.

FRS 102 Triennial review 2017 changes

• You can now choose to early adopt the amendments to FRS102 within the Triennial review 2017, when creating a new set of accounts or any time within Set of Accounts Options > Period Options > Compliance Pack.
• The Statement of Compliance has been amended to reflect early adoption of the Triennial review 2017.
• The Investment property accounting policy wording has been amended to reflect the fact that those adopting the Triennial review 2017 can no longer measure investment property under the cost model.
• The Fair Value Reserve note has been amended to reflect the fact that those adopting the Triennial review 2017 no longer need to disclose details of the treatment for taxation purposes. For further details please refer to the FRS 102 Section 1A help page.

Accountant’s Report changes

• Accountant’s Report wording now supports either a sole practitioner or an accounting firm by switching the text on the Accountant’s Report accordingly for all report styles.
• New report style option to choose the AAT Accountant’s report for AAT members, in response to customer feedback.

Detailed income statement

• Improved descriptions on the face of the Detailed Income Statement for consistency, for the following items:

• Profit/(loss) on disposal of tangible assets now refers to assets.
• Profit/(loss) on disposal of tangible assets now refers to assets.
• Impairment of intangible assets, improved capitalisation.

See UK Small Limited Company (FRS 102 Section 1A) Compliance Pack for more information about the specifics of FRS102 Section 1A in Sage Final Accounts.

For sets of accounts based on the latest Micro-entity (FRS105) and Small limited company (FRS102 Section 1A) Compliance Packs, you can now state the Country of Registration for the company which will automatically state the correct content within the General Information note.

In line with Companies House, you can choose from:

• England and Wales
• Northern Ireland
• Scotland
• Wales

For sets of accounts based on the latest Compliance Packs, you can now change the Country within addresses to one of the following:

• United Kingdom
• England
• Wales
• Scotland
• Northern Ireland
• Ireland

The latest Sage branding has been included in Sage Final Accounts, with an improved user interface and navigation style. You will see that the font size has increased throughout the application.

By applying colour, contrast, fonts, spacing, and more, we hope you’ll find the new look both beautiful, and more usable.

We’ll continue to be evolving our look and feel over time, and we’d love your feedback.

Set of accounts changes:

• Improved the PDF file by including a signature line where the set of accounts are signed.

See UK Partnerships Compliance Pack for more information about the specifics of Partnerships in Sage Final Accounts.

You can now create dormant sets of accounts in accordance with Section 1169 of the Companies Act 2006. We automatically include the relevant Company Law disclosures.

You can make this selection when creating a new set of accounts or at any time within Set of Accounts Options > Period Options > Compliance Pack.

We have now included an option to easily control whether a filleted set of accounts is filed to Companies House, in accordance with Section 444 of the Companies Act 2006. Previously the filleted option has been automatically applied to the Companies House set of accounts.

Choosing the filleted option will automatically remove all sections not required for filing purposes by Section 444 from the Companies House set of accounts.

The Companies House set of accounts shows the description “Filleted” on the Cover page, which will help Companies House easily identify filleted sets of accounts to ensure they are filed correctly.

The Compliance Pack has been updated to include:

Chart of account changes:

Corrected the nominal group description for Patents, trademarks and licences – Cost and Patents, trademarks and licences – Cost brought forward.

Changed the description of the Other comprehensive income movement nominal accounts and related groups for each reserve to Other movements in other comprehensive income.

Removed nominal group Called up share capital as it is no longer used in the set of accounts.

Removed nominal group Equipment hire and rental as it is no longer used in the set of accounts.

Set of accounts changes:

New option to show True and fair notes which can be included in the set of accounts in relation to FRS 102, 1A 16. The additional notes available are as follows:

• Turnover
• Taxation
• Obligations under finance leases
• Deferred taxation
• Provisions for liabilities
• Employee benefits
• Government grants
• Share capital
• Financial instruments
• Business combinations
• Profit before tax note includes the option to add additional rows for true and fair purposes.
• Related party transactions note can now be disclosed in a table format including the existing text disclosure option.
• Investment property note, brought forward row output rules aligned with other notes for consistency.
• Introduction paragraph for the Investments held at valuation table are now wrapped together for improved page breaking and presentation in the PDF set of accounts.
• Abridged debtors note statement corrected so it doesn’t refer to comparative for first year of trading.
• To ensure a consistent approach with other areas we have updated the Abridged debtors note amounts falling due after more than one year statement to show a “Nil” rather than a dash when the value is nil.
• Improved the Debtors note output rules to ensure the table has content in all cases.
• Improved spacing presentation on the Statement of income and retained earnings which will be visible in the PDF set of accounts.
• Improved description for Other movements in other comprehensive on the Statement of total comprehensive income, Statement of changes in equity and Fair value reserve note.

See UK Small Limited Company (FRS102 Section 1A) Compliance Pack for more information about the specifics of FRS102 Section 1A in Sage Final Accounts.

Accountant’s report changes:

• ICAS Framework for the preparation of accounts Revised edition January 2017.
• ICAEW Chartered Accountants’ reports on the Compilation of Financial Information of Incorporated Entities. Revised March 2016.

Accountant’s report changes:

ICAS Framework for the preparation of accounts Revised edition January 2017

ICAEW Chartered Accountants’ reports on the Compilation of Financial Information of Incorporated Entities, revised March 2016.

Set of accounts changes:

• The Balance sheet and Notes to the accounts sections are now optional sections so a Profit and loss account only report can be prepared.
• Casing adjusted for consistency on the Balance sheet additional disclosure.

Accountant’s report changes:

ICAS Framework for the preparation of accounts. Revised addition January 2017.

ICAEW Chartered Accountants’ reports on the Compilation of Financial Information of unincorporated Entities. Revised March 2016.

See UK Sole Trade Compliance Pack for more information about the specifics of FRS 102 Section 1A in Sage Final Accounts.

Set of accounts changes:

• The Balance sheet and Notes to the accounts sections are now optional sections so a Profit and loss account only report can be prepared.
• Casing adjusted for consistency on the Balance sheet additional disclosure.

Accountant’s report changes:

• ICAS Framework for the preparation of accounts, Revised edition January 2017.
• ICAEW Chartered Accountants’ reports on the Compilation of Financial Information of unincorporated Entities, revised March 2016.

See UK Partnerships Compliance Pack for more information about the specifics of Partnerships in Sage Final Accounts.

We’ve improved the validations to provide more information to help ensure that the sets of accounts are both accurate and will create 100% compliant iXBRL files for bothHMRCand Companies House.

For example:The 2018 balance of Profit and loss brought forward is £3,000 does not match the 2017 balance of Profit and loss carried forward which is £4,000.

You can drill into the balances to determine why a difference may have occurred.

This new Check set of accounts functionality is available in the latest Compliance Packs:

• UK Sole Trader
• UK Partnerships
• UK Small Limited Company (FRS 102 Section 1A)

We’ve extended the create set of accounts functionality to provide further guidance.

We’ve added an information icon on the options available when creating a new set of accounts based on the Small Limited Company (FRS102 Section 1A) Compliance Pack. Specifically, we now provide information on the options available for preparing dormant accounts and preparing filleted accounts. See Create and manage sets of accounts for further information.

You can now create dormant sets of accounts in accordance with Section 1169 of the Companies act 2006. We automatically include the relevant Company Law disclosures.

You can make this selection when creating a new set of accounts or at any time within Set of Accounts Options > Period Options > Compliance Pack.

We have now included an option to easily control whether a filleted set of accounts is filed to Companies House, in accordance with Section 444 of the Companies Act 2006. Previously the filleted option has been automatically applied to the Companies House set of accounts.

Choosing the filleted option will automatically remove all sections not required for filing purposes by Section 444 from the Companies House set of accounts.

The Companies House set of accounts shows the description “Filleted” on the Cover page, which will help Companies House easily identify filleted sets of accounts to ensure they are filed correctly.

The compliance pack has been updated to include:

Set of accounts changes:

Updated Guarantees and other financial commitments note in accordance with Company law changes (SI 2015/980).

New General information note in accordance with Company law changes (SI 2015/980).

Additional statement on the Statement of financial position when excluding the Income statement.

Accountant’s report changes:

• ICAS Framework for the preparation of accounts. Revised edition January 2017.
• ICAEW Chartered Accountants’ reports on the Compilation of Financial Information of Incorporated Entities. Revised March 2016.

See UK Micro-entity (FRS 105) Compliance Pack for more information about the specifics of FRS105 in Sage Final Accounts.

We’ve improved the validations to provide you more information to help ensure that the sets of accounts are both accurate and will create 100% compliant iXBRL files for both HMRC and Companies House.

For example: The 2018 balance of Profit and loss brought forward is £3,000 does not match the 2017 balance of Profit and loss carried forward which is £4,000.

You can drill into the balances to determine why a difference may have occurred.

This new check set of accounts functionality is available in the latest compliance packs:

• UK Micro-entity (FRS 105)
• UK Small Limited Company (FRS 102 Section 1A)

We’ve extended the create set of accounts functionality to provide you further guidance.

We’ve added an information icon to the options available when creating a new set of accounts based on the Micro-entity (FRS105) Compliance Pack. In particular, we now provide information on the options available for preparing dormant accounts and preparing filleted accounts.

See Create and manage sets of accounts for further information.

We’ve improved the journal entry features so that we automatically trigger a save when you navigate away from the screen.

We’re addressed a number of usability issues:

• Blocks on the accounts preview were not collapsing correctly in some cases.
• Certain data items were not being updated correctly when blocks on the accounts preview had been added and removed numerous times.
• Removed inconsistencies in the styling of the application in some areas.

We’ve created a new compliance pack for UK small limited companies reporting under FRS102 Section 1A which is relevant for periods beginning on or after 1 January 2016, early adoption permitted.

See FRS 102 Section 1A for more information about the specifics of FRS102 Section 1A in Sage Final Accounts.

We’ve simplified and improved the Updates window which provides information about changes in the Sage online ecosystem. You can choose to adopt the changes into each set of accounts.

For example: If there is a new compliance pack available or the business details have been updated in Accounting Partner Edition, we will notify you of the change so that you can choose to adopt the latest information.

To access the Updates window when in a set of accounts, go to Set of Accounts Options> Updates.

If your client is an Accounting customer, you have the option to populate an initial trial balance from their Accounting information.

We have resolved an issue where the logic used to calculate Nominal account balances was using Accrual or Cash Basis accounting rules.

We have addressed a number of usability issues:

• The position of the Exciting new updates notification when the viewport/screen size changes.
• The alignment of the totals on the Nominal Account summary screen.
• The alignment of the totals on the Extended Trial Balance screen.
• The scrolling/ marquee behaviour of the available updates notification.
• The behaviour of the data tab navigation links.
• The position of the last item on the data tab changing when its navigation link is clicked repeatedly.
• The global Accounting Partner Edition navigator now stays at the top of the screen.

We’ve added a filter to both the initial and comparative trial balance entry screens so that you can search for either a nominal code or description.

This will make it easier to find the correct nominal accounts when entering the initial trial balance and the comparative trial balance.

See Enter and manage initial trial balance for more information.

The compliance pack has been updated to include:

Chart of accounts changes

Resolved an issue where some nominal accounts were not being included in the Profit (restated) and Capital and reserves (restated) nominal groups.

Set of accounts changes

• Improved the PDF file by including a signature line where the set of accounts are signed. This is available in the Directors Report, Accountant’s Report and the Statement of Financial Position.
• Updated the ICAEW Accountant’s Report template in line with the ICAEW Technical Release – TECH07/16AAF.

We’ve made some parts of the ICAEW accountant’s report template editable so you have the choice to tailor wording to be in line with the latest ICAEW Technical releases.

• TECH07/16AAF – Chartered Accountants’ reports on the Compilation of Financial Information of Incorporated Entities
• TECH08/16AAF – Chartered Accountants’ reports on the Compilation of historical Financial Information of Unincorporated Entities.

We will include the latest wording from the institute guidance when we next release an update to the following Compliance Packs:

• UK Sole Trader
• UK Partnership
• UK Micro-entity (FRSSE 2015)
• UK Small Company (FRSSE 2015)

We’ve created a new compliance pack for Micro-entity (FRS105) to enable reporting for micro-entity accounts under the new FRS105 standard.

See FRS 105 Reference for more information about the specifics of FRS105 in Sage Final Accounts.

We’ve changed how you choose which accounting body’s guidance to follow for the presentation of the accountant’s report.

• Accounts Preview > Accountant’s Report > from the Report style option, choose one of the report styles.

The trial balance is displayed in nominal account categories. This will make it easier to find the correct sections when entering the initial trial balance and the comparative trial balance.

See Enter and manage initial trial balance for more information.

We’ve extended the create set of accounts functionality so that you can now choose which reporting standard you want to apply to a set of accounts. When you choose to create a set of accounts for a limited company, you then choose to apply the required reporting standard for the company size.

See Create and manage sets of accounts for further information.

We’ve relaunched Sage One Accountant Edition and it’s now called Accounting Partner Edition. This doesn’t affect your access or the amount you pay but it does bring a raft of new features.

• Multiple users – You can now have multiple users for your practice. Once you’ve added them to Sage Accounting, each colleague can use their own email address to sign in. See Manage users
• Adding multiple clients – We’ve improved the process for adding multiple clients. You’ll upload a spreadsheet and they’ll be added in one step. See Add clients
• Improved client list – The client list has been refreshed to offer more flexibility in how clients are ordered. You’ll also find that clicking a client’s name now opens the client sidebar where you can access the key client information and access Sage Final Accounts.

Chart of accounts changes

• A fix to link the Nominal Account 5050 – Pension costs – Cost of sales to the Nominal Group Defined contribution pension costs so the nominal account is correctly included within the Defined contribution scheme in the Pensions and other post-retirement benefits note.

We’ve resolved a problem that prevented the generation of the PDF accounts when special characters were entered into the text blocks on the Accounts Preview.

We now cater for special characters that were copied and pasted into the text block from other applications such as Microsoft Word.

See Enter and manage note content for more information on adding text.

We now allow users to re-generate the iXBRL accounts in all cases where the submission to Companies House was either Rejected or Failed.

See Submit iXBRL accounts to Companies House for more information.

We’ve included a progress indicator when creating custom nominal accounts as sometimes it can take over a second to load the window.

See Create and manage nominal accounts for further information on creating custom nominal accounts.

Sage’s new brand has come to Sage Final Accounts, with an improved user interface and navigation style.

By applying colour, contrast, fonts, spacing, and more, we hope you’ll find the new look both beautiful, and more usable.

We’ll be evolving our look and feel over time, and we’d love your feedback.

The feedback tool has been moved. You can provide us with feedback by clicking the new megaphone icon in the global navigation in the top right corner.

We’ll continue to review each comment and are constantly adjusting our development work based on customer feedback.

Set of account changes

• A fix to resolve a typo in the Detailed Profit and Loss Account. If you posted to Nominal Account 7020 – Directors Remuneration, the Directors Remuneration heading in the Staff costs section of the Detailed Profit and Loss Account was misspelt showing as Directors remueneration.
• A fix to resolve a typo in the Detailed Profit and Loss Account. If you posted to Nominal Account 7700 – Equipment Hire, in the Detailed Profit and Loss Account, the Equipment Hire and Rental section was misspelt showing Equipmement hire and rental.

We’re really sorry that these typo’s slipped through our quality control processes.

In general we release changes to Compliance Packs as updates, leaving you in full control over whether to adopt the change or not. In this case, we have taken the decision to update all sets of accounts with the fixes immediately.

Resolved an issue in the small limited company (FRSSE2015) Compliance Pack that caused an iXBRL ‘duplicate ids’ error when submitting to HMRC.

The root cause: On updating to the new Compliance Pack, the Previous Company Name data was not being copied to the set of accounts correctly.

Built to integrate with both Sage Accounting and Sage Final Accounts , Sage Corporation Tax Online is the latest addition to the Sage Business Cloud family and provides an integrated and cost effective solution to prepare CT600 tax returns and to manage the submission process to HMRC.

Watch Introduction to Sage Corporation Tax for more information.

We’ve improved the user assistance help by ensuring that the application remains open whilst the help topics are being read.

• We’ve corrected the help link to Find out more about annual subscriptions on the Generate iXBRL window.
• The help topic “Find out more about annual subscriptions” opens in a separate browser tab.

We’ve added more validations to help ensure that the sets of accounts are both accurate and will create 100% compliant iXBRL files for both HMRC and Companies House.

• Added validations to the share capital note when the share description is not completed.
• Added validations to the fixed asset investments note when the name of a significant holding or subsidiary undertaking is not completed.

The compliance pack has been updated to include:

Set of accounts changes

• A fix to ensure the noun referring to the director or directors is correct in all cases.
• Improvements to the PDF file by removing an unnecessary blank row from the profit and loss account table.

The compliance pack has been updated to include:

Set of accounts changes

• A fix to ensure the noun referring to the director or directors is correct in all cases.
• We’ve improved the logic on the fixed asset investments note to make sure the name and country of incorporation of a significant holding or subsidiary undertaking is displayed in the note in all cases.

• Display and navigation improvements on the Accounts Preview tab.
• Display and navigation improvements on the Data tab.
• Validation improvements when checking sets of accounts.
• For Internet Explorer 10 users, we’ve improved the Accounts Preview tab.

When you create a new set of accounts based on an existing set of accounts AND we’ve updated the compliance pack used in that set of accounts, you’ll see a message: Compliance pack updated.

The Updates window provides information about what has been changed in the compliance pack. You can get to the Updates window when in a set of accounts by: Set of Accounts Options > Updates

Depending on the complexity of the client’s set of accounts, changing to a different client type may take a short time.

If you return to the main summary page for the client, and attempt to open a set of accounts being changed to a new client type, you’ll see a holding page until the change is complete. This won’t take long and is to make sure you don’t inadvertently change anything that might affect the process. Wait a couple of minutes, and try again.

Set of accounts changes

• Fix to correct the addition of the balance sheet when the balance sheet suspense account code is used.
• Amendment to fix asset investments table to ensure that the brought forward impairment line will always appear when there are nominal entries to these codes.
• Grammar amendments to section headings so that capitalisation is consistently used.
• Bracketing on profit and loss suspense account amended to appear on debits rather than credits.
• Updated the website address link on the on the ICASAccountants report.

Set of accounts changes

• Grammar amendments so that the use of capital accounts and current accounts is consistent throughout the application.
• Hyphen added to the term ‘long-term liabilities’ in the corresponding note.
• Updated the website address link on the on the ICASAccountants report.