PTP Autumn Release Notes v19.3.2

Overview

Our PTP Suite Autumn release v19.3.2 brings solutions to the following issues reported by customers:

PTP Accounts Production

Charity and Academy Accounts

The report output for Charity and Academy Accounts has been completely rewritten to significantly improve the speed and stability when generating final accounts and associated reports. During our quality assurance process, final accounts reports were on average 78% quicker to produced when compared to the previous report output. The new reports also allow future report updates to deployed more efficiently.

Also included with these rewritten formats are Interactive Reports, which give a range of benefit as described below:

Drill down to underlying data making changes easier and quicker for you to do and see the changes on the face of the accounts
Bookmark bar to enable you to move around the accounts quickly and accurately
Extended report functionality
Search facility enables you to search for words or phrases
Exception and Warnings reports on separate tabs automatically generated if they apply
Working papers links – as with Limited Companies allowing you to link external working papers to your accounts for review or final accounts preparation
Refresh prompts to ensure you are always looking at the most up to date changes

This service pack has concentrated on resolving several new issues recently identified:

IXBRL Tag error when average number of employees is nil
IAS Group Accounts – Loans and other financial assets note duplicating
FRS102 / 101 – Balance Sheet – Debtors more than 1 year appearing in Fixed Assets
FRS102 s1a (Guernsey Accounts) – Balance Sheet wording now include reference to small companies’ regime

PTP Tax Platform

This service pack has concentrated on resolving several new issues recently identified:

The UK Property screen was freezing after printing or previewing a tax return and then attempting to enter residential finance costs not included as an expense. This issue has now been resolved
Specials & Exclusions recently published by HMRC regarding errors in the tax calculation have been updated in the software. A warning is given when certain scenarios are encountered, please see the release notes for more information.
The dividend schedule was duplicating rows where dividend entries had been added to the prior year return and the details brought forward.
Closed bank accounts were being included in the Information Request.
An ‘inner exception’ error was occurring when attempting to add dividend details for the Compass Group.Brought forward other property losses could not be offset against profits from furnished holiday lettings; an additional box has been added to enable this entry.
Submission error 6492 and a difference of £153.40 has now been resolved.
Within the UK Property pages, amounts entered in the box ‘cost of services provided, including wages’ were appearing in box 9 on the return, the figure will now appear in box 6.
In some cases, property brought forward from the prior year was not being displayed on the supporting properties schedule.
Certain asset types were not using the correct writing down allowance in the special rate asset pool.
A message that it was not possible to bring forward certain shareholdings from the previous year, please review, was incorrectly appearing when accessing the box 4 schedule on page 3 of the tax return.
The 64-8 was incorrectly referencing the Data Protection Act 1998; this has now been updated

PTP Corporation Tax

After adding a structures and buildings type asset in the calculation of capital allowances and then attempting to print the iXBRL computation, the software gave a message that the Viewer was attempting to load but didn’t go any further. This issue has now been fixed and the Viewer now loads correctly.

PTP VAT Filer

An exception error ‘Exception has been thrown by the target of an invocation’ was appearing when attempting to retrieve previously filed VAT returns for some clients; this issue has now been resolved.