Centralised accounts production Console screen
The Console screen brings together all the data for the current
client including Chart of Accounts, Accounts description file,
posting file and trial balance - all these being interactive.
Enables fast data and journal entry, automatic trial balance
update, drill down to Nominal ledger accounts, easy editing of
Account descriptions and iXBRL tags. Quick access to client's
standing data and textual data for the Notes. Console toolbar
with 1-click access to other functions such as create, display
or print financial statements.
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Inbuilt Validation
Automatic
numeric and textual data validation including
'out of balance' tests, closing/opening balance reconciliation, Cash
flow statement imbalances, untagged line data, reconciliation
of monetary values in the Notes to the trial balance etc etc.
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Cascading of transactional data
All posting file entries are cascaded through to all later periods. This maintains the
integrity of closing/opening balances. There is no need to change the
opening balances in the later period..
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Standing data and disclosure data
automatically carried forward
Similarly, other client data is carried
forward period to period and does not need to be re-keyed but may be
edited as appropriate.
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Automatic Cash Flow Statements and Cash analysis notes.
No need to spend time analysing and getting your Cash Flows to
balance - First Choice Final Accounts
does it automatically. In addition, there's a 'first year'
reconciliation feature to enter Cash Flows for the comparatives.
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Full Nominal Ledger Chart of Accounts
Easily edit the Nominal Ledger accounts or create new accounts
as needed together with simultaneous tag editing.
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Advanced final accounts preview and print
Click the browser print preview button and get an automated
paginated set of accounts without 'orphans' and 'widows', no page
breaks in tables or notes blocks. No need to insert page breaks
manually. You can then print individual pages or the whole set or
print to your PDF file creator or send as an email. |
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Linked standing data screens for Limited Company Notes.
Extensive tabbed data screens covering all the Limited Company
textual and numeric data required for the Notes. (Much of this data
is cascaded from the prior year). Quickly find the note you want
with the one-click selector. |
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Audit or
accountant's reports. Full range of options
Includes 'no report',
ACCA, CA with sub-options and several others. |
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Companies House accounts filing module
All versions include the integrated Companies House Accounts
e-filing module. Select which accounts you wish to file
(Abbreviated, Full or Dormant) and with a couple of clicks send
them electronically to CH and, usually within a few minutes, get
an acceptance response back. Also handles paper filing and
Amended accounts. Track the status of all accounts from the
Deadline screen and never be late filing your accounts. Reckoned
to be the most comprehensive integrated e-filer on the market
and the easiest to use. |
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Easy to
learn and use
Comes with an online user guide including a demonstration
topic called Creating
your first set of accounts - step by step. This takes about
20/30 minutes and most users can confidently start producing
Sole Trader, Partnership and Company final Accounts straight
away.
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Meets the needs of a wide range of users
Because it is so easy to use, FIRST CHOICE
FINAL ACCOUNTS appeals to sole practitioners, larger firms in practice as well as
non-accountants running their own business, partnership or
company who just produce one or two sets of accounts. |
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Import Wizard
Imports trial balances and dramatically speeds up data capture with
just a few button clicks. Imports from other accounts/accounting
software including Iris, Sage, QuickBooks, PTP, Drummohr, VT,
Absolute and all others including any trial balance in Excel or csv
format. Pre-loaded with selected mapping conversion files for Sole
Traders, Partnerships and Limited Companies. Easy customisation of
your own conversion files and unique facility to import third party
mapping files. Using the Wizard can reduce the time spent producing
a set of final accounts to under 10 minutes. |
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Integrated HMRC live iXBRL validator
Although the in-built validation
routines will alert the user for missing iXBRL tags, inconsistent
duplicate facts etc, this additional feature will validate the final
accounts iXBRL file through the HMRC gateway. This process checks
the accounts in the same way as that for a full CT600 submission and
issues a 'success/fail' report for the accounts. Users, therefore
can be 100% confident that when attached to the CT600, any
submission errors will not relate to the accounts. We believe this
functionality within Accounts Production packages is unique.
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Integrated backup and restore
The backup and restore features are integrated within First Choice. So easy and quick to keep all your clients files secure. Backup/restore from pre-selections - one client, several clients or all
clients. Overwrite options - individual and global. Far easier
and more convenient than using external backup. |
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Quick View/Print
Would you like to quickly view/print the Balance Sheet or the Related Party notes after a journal entry or a note edit? Well, no need to create the whole set of accounts
with this function. Just select the accounts page(s) or individual
note(s) you need and click. A nice feature that will save you a lot of time. (Available for Limited Companies
only) |
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Integrated iXBRL tag viewer
A unique tool for checking and examining iXBRL tagging. Creates the final accounts
iXBRL file which then loads into your browser. Move the cursor to any
(green tagged) entry to see the
iXBRL embedded tag/dimension. |
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Export
accounts data (Non corporate) to tax software
Automatically fills the Self-employment pages (Trading Account &
Balance Sheet) boxes in tax packages supporting the
Standard Name Format. (Most packages do). No need to re-key the data -
saves considerable time and number crunching.
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Maximum clients (entities) and annual licence prices
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First Choice Single Entity: 1 |
�10.00 |
| First
Choice Mini:
50 |
�99.00 |
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| First
Choice Unlimited: Unlimited |
�199.00 |
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Developed by accountants for accountants and others who prepare financial
accounts, First Choice Final
Accounts is packed with rich functionality to enhance yet
simplify the accounts production process. Below are brief details of
some of the key features which will help you unlock the power of the software.