CCH Accounts Production: Data Entry Training

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Overview

This training is focused upon the preparation of the financial statements in CCH Accounts Production. The aim is to bring in the accounts data for the last year, reconcile and be in a position to roll forward to the year to be prepared.

Course Duration: This training is two sessions onsite or online. Each session will last up to 3 hours.

Key Objectives

Ensure delegates can carry out migration of accounting data.
Ensure delegates can carry out data entry and reporting.

Course Contents

Session One

Session Two

Introductions
Selecting clients and contacts. [Client and contact creation is a Central function]
Addresses and Associations: types that link to the financial statements
Creating the Accounting Period for a client for the first time
The Home screen and navigation within CCH Accounts Production
The Chart of Accounts structure for the entity created
Preparing the financial data for importing within CCH Accounts Production (*it is expected that data will have been exported prior to the course)
Importing the trial balance(s) for the first time - mapping and structure
Trial Balance: post import check
Statutory database: initial settings - General information > Client preferences and P&L and Balance Sheet presentation
Officers: checking, selecting signatories, entering dates
Financial statements: Initial review to check the imported figures, drill down options of figures to assist with reconciliation
Identify changes required to nominal code descriptions within the detailed profit and loss account (income statement)
Reconciliation process for imported figures identified during initial review e.g. mapping corrections, rounding settings, reclassifications
Process of editing the mapping for an entity
Chart of Accounts: changing rounding accounts and descriptions
Exception report: e.g. for entering dates, depreciation rates, employee numbers
Summary of session one

Q&A from previous session
Select client using the Accounts Production Job Summary homepage
Advisor journals: types e.g. for adjusting, reclassification, correction / movement of imported figures
Advisor journal reports
Journals: for restatement of comparative year adjustments (PYA)
Financial statements: Review to identify changes required - further drill down options (paragraphs, headings)
Financial statements: Review and navigation from within a format e.g. to look up a statutory database item, to look up a nominal range
Statutory database: further disclosures, navigation and analysis (reports, primary statements, notes to the accounts), review of edited disclosures in custom paragraphs
View transactions and Trial balance screens for transaction and nominal ledger reports
Alternative data entry methods: overview of receipts, payments, journals, importing transactions, if relevant
Exporting data
Tagging the Detailed Profit and Loss Account (in iXBRL)
Running the year-end and set-up for the next period:
- Housekeeping for the current year - have reports been run?
- Year-end and finalise options - Option if using Open integration or importing .CSV file within the year-end wizard
- Statutory database review of custom paragraphs
- Financial statements, reverting local pages, if any
Overview of Unincorporated /FRS 105 entities
Tax Link screen in AP for CT / PT
CCH Accounts Production links to other CCH modules e.g. Central, iXBRL, Tax, Document Management, OneClick - Note, with the exception of iXBRL, these do not form part of the AP data entry course - See online resources.
Online resources, Support portal
Summary of session two

Pre-requisites

Attendees should adhere to the Training session Guidelines.

An accounts production implementation consultancy is recommended before this session and the following checks should have been carried out by your System Administrator / Accounts Production Champion:

Licencing for entities to be used within CCH Accounts Production.
Security and permissions for entities and users of CCH Accounts Production including Central permissions for homepages.
Settings for, including but not limited to, relationship address mapping; address types; entities, master packs, senior statutory auditor(s).
Mapping of 3rd party software to relevant entities.

Who is this course designed for?

Those new to CCH Accounts Production who will be preparing financial statements within CCH Accounts Production.

Useful Resources

eLearning courses - online courses that provide you with an overview and insight into our software
Bitesize videos - Compliance and Non-Compliance - showing you how to use features (and also some specific focused areas) of our software
Webinars - sessions for you to attend and learn from