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CCH Software User Documentation

CCH Trust Accounts 2022.1 Release Notes

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Release Highlights

These Release Notes document the changes in CCH Trust Accounts 2022.1. Features added in earlier releases are documented in the Help file, accessed using the F1 key in CCH Trust Accounts. Newer features are documented in Online Help accessed using Help > New online help.

CCH Trust Accounts 2022.1 runs in conjunction with the following CCH products:

  • Transaction Reporter 2.30 
  • Telekurs 2.60
  • CCH Central 2022.1

This release includes the following:

  • Changing investment schedule to show gross income by default

Software Enhancements

Investment Schedule - Showing Gross Income by default

Previously the CCH Trust Accounts investment schedule showed income as Net Income by default, but since almost all income is paid gross it is better to show it gross.

An investment schedule is also produced from CCH Accounts Production. From version 2022.1 its headings also say Gross Income to match the figures that Trust Accounts now produces.

It is possible to change the default columns on the investment schedule in either CCH Trust Accounts or CCH Accounts Production by setting up an investment schedule profile in Activities > System Management > Layout and Formatting. This process has not changed.

Transaction Import - Add divisions

The Division for a transaction can now be specified in the Transactions Import. It is field 35 and optional.

Client List – Find button returns multiple matches

Previously the Find button on the Client List would only return the first record that matched the search criteria. It now shows all matches. If there are several matches they are listed and a tick box for Only clients found appears and is ticked. Untick the tickbox to return to the full list of clients.

CCH Accounts Production

Changes to Trust and Probate master pages

Several changes have been made to the Trust and Probate master pages that are available through Accounts Production:

  • Contents Page. The Trust and Probate Contents pages now use new commands to detect if a page should be included. The commands are FormatPrints and NotesPrint. These commands can detect if a page has been manually excluded from printing, whereas the commands used previously only checked the Print Condition of each page. See FormatPrints and NotesPrint command.
  • Trust Contents page. This now includes a reference to the page numbers for Notes to the Accounts if present.
  • Trust Balance Sheet. This now says 'HM Revenue & Customs' rather than the (very) old 'Inland Revenue'.
  • Investment schedule. This now says Gross Income rather than Net Income.

Telekurs Software

There is a new release of the Telekurs software to accompany this version of CCH Trust Accounts. This is because SIX Financial are changing their delivery mechanism from an FTP site to a more secure SFTP site.

Quality Improvements

ITS/59465 – Exshare feed - Some US interest payments were missing

This was because they have no ex-date. However they may have a record date (usually the last working date before the ex-date). So this fix takes the ex-date as being the same as the payment date if the record date is within a week of the payment date. An example of an affected bond is

SEDOL BYN9506 (ISIN US9128282Y56) United States - 2.125 % Treasury Notes 2017-30.09.24 Series Q.

This change probably only affects band P users. 

ITS/63962 – CGT Reports - Change HMIT Ref to HMRC Ref

This was requested by a user group.

ITS/11325 – CGT Consolidations may not work if there is a Sale of Rights

If there are two holdings of company X in fund 1 and fund 2 and a sale of rights occurred on the two holdings then a consolidated CGT computation is incorrect. The problem is that each sale of rights is being treated separately.

The fix has limitations but works as follows:

  1. It merges together the two sale of rights transactions into a single transaction. So previously two Sale of Rights entries would appear on the CGT History, but now there is only one.
  2. The fix only works if two funds with the same security both sell the rights on the same day. This is usually the case, but if only one sells then the system has no Market Value of the remainder for the other and the fix cannot work. There is no realistic way of avoiding this.
  3. The fix only applies to partial disposal (D3) transactions dated after 05/04/20. D3 transactions cover sales of rights other transactions like TCO. This is to reduce any recalculation effect on earlier tax years.
ITS/66173 – Ownership of Securities Report - This report should require master account access rights

The Ownership of Securities Report shows data from multiple clients. Therefore master account access rights are now required to run it. This can be Master Account (Read only) access rights.
The same change was also made to:

  • Global Movement Code report
  • The multi-client CGT computation and What If report
ITS/66177 – Copy investments from other client should not allow copying from clients which the user cannot access

Previously SQL Server Trust Accounts enforced this, but it has now been extended to the C-Tree version. On C-Tree, the user receives a message "Access to client denied." if they select a client which they cannot access.

Notable Issues

Limitations on the formulae that can be used in a nominal range or a RangeDef
  • A nominal range supports the ~ pattern-matching operator, e.g. =AP("(a,8101~8901)"), but you cannot drill down from the accounts to see the make-up of a balance given by such a formula.
  • A nominal range does not support the ~M100 or ~S2 syntax to step through main accounts or subaccounts. It is also not supported in RangeDef commands.
  • =AP("RangeDef,0020..005Z,,a,-1,0,ab”) is not supported. It needs to be written as =AP("RangeDef,0020,005Z,a,-1,0,ab”).
  • The Nz command supports the same nominal formulae as a RangeDef.


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