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A pension scheme tutorial is provided within the on-screen help. Select Help | Tutorial from the main Accounts Production screen. Frequently Asked Questions (FAQ’s) are also provided within Help | Help Topics
Useful information regarding the individual reports available for a set of pension scheme accounts can be found in Help | Help Topics | Useful Reports | Pension Schemes
The Pension chart of accounts (PEN#) can be found in Help | Help Topics | Chart of Accounts
Pension scheme clients should be set up as business type Other and attached to the PEN# chart of accounts.
Reports
Accounts Production can produce accounts for both defined benefit and defined contribution schemes, Ear Marked schemes and Small Self Administered schemes.
To generate a full set of financial statements enter PEN in the Report / Document field in Reports | Annual
The annual report is made up of the following sections:
P01 The fly sheet
P02 Trustees and advisers
P03 Report of the trustees
P04 Statement of trustees' responsibilities
P05** Auditors' report (P15 if qualified)
or
P19** Accountants' report
P24 Summary of Contributions (Ear Marked Scheme only)
P25 Auditors’ Statement about Contributions (Ear Marked Scheme only)
P06** Fund account
P07** Net asset statement
P08** Notes
P09 Investment report
P10 Compliance statement
P14** Exception report, details any notes replaced
Asterisks(**) indicate that the report will not be run for an Ear Marked Scheme.
If no reference is to be made to the investment report, set an alias of P09=$OO. Similarly, to prevent reference to the compliance statement, set an alias of P10=$OO.
The Statement of trustee’s responsibilities can also be removed by selecting an option in the Ear-Marked Schemes data screen.
Although the actuarial report is referred to in the contents page it is a report that can not be generated within Accounts Production. It is not possible to omit this from the contents page.
Select Edit | Data Screens
Scheme Information - basic scheme information such as type of scheme and whether the accounts are to include an auditors report, accountants report or neither.
Trustees - use these screens to indicate changes to trustees after year end and how names are presented.
Advisors - use these screens to enter the names and addresses to appear on the trustees and advisers report.
Report of the Trustees - this option contains freeform screens where text can be entered on the report of the trustees, such as Financial development, Scheme advisers and Membership.
Auditors and Accountant Enter text in these screens for inclusion in the auditors’ report or accountants’ certificate.
Notes to Financial Statements Use these screens to add to or replace the standard notes and accounting policies.
Ear-Marked Schemes - use these screens to select if a Statement of trustee’s responsibilities is required and to give details for the Auditors statement of contributions.
Investment Report - this option contains freeform screens where text can be entered to appear in the investment report, such as Investment performance and Employer-related investments.
Compliance Statement - this option contains freeform screens where text can be entered to appear in the compliance statement, such as Changes to scheme rules and Tax status of the scheme.