Sole Trader Accounts

THESAURUS ACCOUNTS HAS AN AUTOMATED ACCOUNTS PRODUCTION FEATURE WHICH ALLOWS THE PRODUCTION OF SOLE TRADER ACCOUNTS.

THIS FEATURE IS AVAILABLE WITHIN BOTH THE STANDARD AND BUREAU VERSIONS.



ACCOUNTS PRODUCTION > ACCOUNTS

A checklist prompts you of a list of journal entries which may be required in order to prepare accurate accounts - however this is not a comprehensive checklist and there may be additional journal entries required.


Start Date (optional)

Set the start date of the required reporting period


Finish Date (optional)

Set the end date of the required reporting period


ONCE YOU HAVE ENTERED THE CURRENT DATE RANGE AND PRESS RETURN ON YOUR KEYBOARD AFTER ENTERING THE END DATE, THEN AN OPTION WILL BE GIVEN TO SET THE COMPARATIVE PERIOD.

THE USER CAN SELECT ANY COMPARATIVE DATE RANGE THEY WISH.



Once the date ranges have been entered, prepare the Trial Balance.


Prepare

Click Prepare to generate the Trial Balance


Accounts Options

Click on "Accounts Options" to bring you to the listing of available accounts for production.


Select Format

Tick the box to indicate you wish to generate a set of sole trader accounts.

Show Comparatives

Tick the box to indicate whether or not comparatives are required for the final print out.



ACCTS / DATE

IN PREPARING SOLE TRADER ACCOUNTS, CERTAIN ADDITIONAL FIELDS MUST BE COMPLETED IN ORDER TO PRODUCE COMPLETE ACCOUNTS. THESE FIELDS REQUIRE INFORMATION WHICH IS OUTSIDE THE SCOPE OF DAY TO DAY DATA ENTRY / BOOKKEEPING, AND SO MUST BE COMPLETED BY THE USER.


Accountants

Enter the name and address of the sole trader accountant.


Accountants Description

Give a description of the accountant/auditor, e.g. Accountants & Financial Advisors.


Date of Signing

Enter the date of signing - this will be displayed on the accounts when printed.


To view any validation issues at any point simply click “Validate”.


Prepare

Click 'Prepare' to preview the sole trader accounts on screen.