How to Import Accounts Data from Accounts Production into Tax Platform

Import from PTP Accounts

The option to Import Accounts onto an Individual and Partnership return has been updated to include an option to Import from PTP Accounts Production.

The option to Import from PTP Accounts Platform is still available and continues to work as before.

1. Within pages PT1 or SEF1 the option Import Accounts | Import from PTP Accounts now provides a choice.

1. • Clicking Accounts Platform will continue with current functionality and import both Journal Postings and Capital Allowances.

   • Clicking Accounts Production will import Postings only.

• If importing from Accounts Production, Capital Allowances should be maintained and imported using the Capital Allowances option on pages PT1 or SEF3.

2. Once Accounts Production has been selected an attempt will be made to launch PTP Accounts Production.

• If PTP Accounts Production is not present on the system a warning displays and the import will not start.
  
  If users are already logged onto PTP Accounts Production and all screens are in use a warning displays and the import will not start, users need to log out before continuing.

Once conected the PTP Accounts Production Client Browser displays.

3. Find the appropriate client and click Select.

• If an import is attempted for a second time the client previously selected should already be highlighted when the Client Browser displays.

Once the client is selected a Posting Entries screen displays.

4. Select the appropriate Posting Entry (accounting period) and click OK.

• If no Posting Entries are found or the period of the Posting Entries present does not relate to the selected Tax Year then a warning displays:

If the Posting Entry selected has not yet been finalized a warning displays.

5. Click Yes to continue.

The following selection displays.

6. Click Tax Adjustments to enter any Disallowable Expenses, Other Adjustments or Deductions from Net Profit.

7. Click Add on the appropriate tab to enter an adjustment and then select an account code.

• Some Tax Adjustments may already be handled by the ‘default’ Account Mappings. It is suggested that these are reviewed prior to making any entries within the additional screens.

This will import the amount relating to that posting, an adjustment can then be made either as a percentage or a value.

8. Close out of the Tax Adjustments screen.

9. Click Account Mapping to review or amend the account mappings:

Default Account Mappings have been provided which map the incoming account balances from Accounts Production into the appropriate box on the Tax Return.

• The default mappings may be updated/amended, however it is strongly recommended that this only be done if completely necessary and should be carried out with caution.

10. Once complete click Continue to complete the import or click Cancel to return to the Tax Return without importing.

Repeat as necessary.