General
Where Do I Show I Receive Income From Giving Investment Advice?
Click Settings Click General. The IFA Settings General screen is displayed. Income for Investment Advice is the first drop down box selection. click SAVE when done
How Do I Enter My Adviser Charge rates?
Click Settings Click My Charges My Charges page is displayed 4 rows are provided to record Initial Charges and 4 rows are provided for Ongoing Charges Use the tick boxes on the right hand side of the screen to activate the rows that match your ...
Where Can I Find The Complaint Register?
Click Settings Click Complaints The list of existing complaints is displayed
How Do I Complete The Complaints Register?
Select Settings Select Complaints Click Add complaint Complete each of the data entry boxes in turn on the screen; Date Received - Date advised of issue Client - Select from the list. Use the + to quick add a client if necessary Advisor - Select from ...
How Do I Complete The Staff Register?
Click Settings Click Staff/Advisors Click Add Staff Complete the onscreen form investment advisors should enter their Individual Reference Number (IRN) in the format 3 capital letters followed by 5 digits - AAANNNNN. If the IRN is not entered ...
Guidance on Heading Use for IFA’s
Income - Section K Adviser Fees Only transactions that use headings in the Investment category and the Life & Pension category are reported in Section K Each of these 2 categories has 4 headings; Lump Sum Fee, Initial Fee, One Off Fee and Ongoing Fee ...
How Do I Setup the Data Linkage with the FCA - Settings/Integrations
Login to the FCA system. Click Firm & User Administration, followed by Manage Web Service Account Click Add Account Enter an Account Name (suggest firm FRN followed by MyRegData eg 123456MyRegData) and Password (note FCA policy guidance then click ...
How Do I Add a Section K Income Heading?
Click Income Click Record Income Click the + icon on the heading line Select either Investment or the Life & Pension category. Only headings in these 2 categories are included in Section K. Type the Name of the heading you wish to add in the box - ...
Do I Need To Add A Customer For Each Investment Client?
To ensure Section K is calculated correctly create a customer record for each depositor in the bank account. An account is need for each product provider, each platform form service provider and one for each direct paying client. There is no need to ...
How do I print my RegData Report?
Print the IFA Report using the following steps * Click Reports * Click RegData Report * Click View Report * Click Print
Categories And Income Headings Have Been Provided To Cover All Revenue Types
The transaction totals from the headings used are pulled into the IFA report. The total of all transactions within a heading are added to the totals for other headings within the same category to arrive at the total revenue for the category. The ...
3rd Party Pay Aways - Commissions Passed On
Please remember to use the headings provided when recording commission pay aways to 3rd party introducers. The headings provided are as follows; Only use these to record payments to 3rd parties, do not use these headings for payments to staff. Only ...
Treatment Of Corporation Tax In The IFA Report
1) Year-end tax accrual The system produced IFA Report (RegData) has within it a Corporation Tax accrual. This adjustment is internal to the report only and is not made in the books of account. The adjustment reduces retained profits and increases ...
How Do I Record The Purchase Of Fixed Assets?
To record Fixed Assets use the Expenses Tab. Please make sure the appropriate Fixed Asset cost headings is selected from the bottom of the heading drop down list. e.g. Click on Expenses Click on Record Expenses Select the Supplier form the drop down ...
How Do I Record Petty Cash Transactions?
Any income or expense transaction can be recorded using cash as the payment method by selecting it specifically from the drop down list of offered during transaction entry. Select cash as the method of payment, the system does the following ...
Directors' / Owners' Loan Account
Any transaction recorded using Personal affects the Directors' / Owners' Loan account (DLA). Review the balance on the DLA - visible at Accountant, View ETB prior to filing the IFA report. You or your company may have to pay tax if you take a ...
Intangible Assets - Defined
Intangible assets are not physical in nature. Examples include copyrights, patents, intellectual property and goodwill. Firms that report an intangible assets figure (1B RMA-A) should remember that this amount is deducted when calculating total ...
Accounting systems – an overview
Objective of an Accounting System To provide reliable financial information for reporting and management purposes Elements required to ensure reliability of information Opening balance sheet values must be recorded to ensure historical capital ...
Implementing New Accounting Software - IFAs
The goal of any accounting system is to provide summarised transaction information that simplifies business management and supports regulatory reporting. In addition to recording day to day transactions, a business needs to include it’s historic ...
How do I enter a VAT Fuel Scale Charge ?
Record the VAT Fuel Scale Charge with an Income entry as follows; Note: The transaction gross total is zero The second line is set as Outside the Scope The example has the VAT inclusive Fuel Scale charge as £250 and VAT payable of £41.67
Making Tax Digital for VAT - Setup MTD for VAT and connect to HMRC
HMRC have assessed that SimpleBooks is compliant with MTD for VAT HMRC Guidance on MTD for VAT https://www.gov.uk/guidance/making-tax-digital-for-vat MTD applies to VAT periods commencing on or after 01/04/2019 Step 1 Sign up for MTD for VAT with ...
MTD Dashboard - How do I prepare or view MTD VAT returns?
After the system has been setup for MTD please use the MTD for VAT Dashboard accessible from the left hand (main) menu to prepare, view and submit MTD VAT returns. The traditional location of VAT reports remains on the system (Reports/VAT) but only ...
MTD Dashboard - How do I delete an MTD VAT return that has not been submitted?
If you have added or amended transactions you many want to rerun an MTD VAT return. Select the VAT return to be deleted by clicking the orange view report button, then click the red DELETE button
MTD Dashboard - How do i submit an MTD VAT return?
If you have already run the MTD VAT return you wish to submit click the orange view report button Review the supporting detail report if you wish - click the orange VAT Detail Report button Submit - click the blue Submit Return via MTD Once submitted ...
MTD Dashboard - How do I review a previously submitted MTD VAT return?
Click MTD for VAT on the left hand main menu Click the blue view submission button Once submitted MTD VAT returns cannot be cancelled or resubmitted. Correct any mistakes by using an adjusting transaction in the next return.
How Do I Add A New Client?
Click Clients ADD CLIENT Complete the on screen information, the asterisked fields are mandatory Click Save Client Record The system will send a verify email to the client email address entered.
How Do I Record Drawings?
Unincorporated businesses should use the Personal section to record any drawings taken from the bank account. Click Personal Click Personal Expenses Paid complete the on screen information Click Save Record There is a Drawings function available for ...
What Is The Personal Section For?
Use the Personal Section to record; personal transactions in a sole trader bank account loans made by owners/directors to the business drawings taken by owners/partners from unincorporated businesses The Personal section records non-business ...
How Do I Run A Balance Sheet Report?
Click Reports Select Accounting Reports Click Run Balance Sheet Amend the End date if a current period report is required - the start date is fixed. Click Generate Report. Notes: Closed periods can be reported on by selecting them from the drop-down ...
How Do I Run A Trial Balance Report?
Click Reports Click on Accounting Reports Click Run against the Trial Balance line Amend the End date Notes: Closed periods can be reported on by selecting them from the drop down list then clicking the adjacent buttons When the report is displayed ...
How Do I See A Detailed Report Of Transactions In The Nominal Ledger?
Click Reports Click Accounting Reports Click Run against the Nominal Activity Detail line in the Accounting Section Amend the Start date and/or the End date if required - set to the current period by default Select Balance sheet, Profit and Loss or ...
How Do I See A Detailed Report Of The Transactions I Have Recorded With Each Of My Suppliers?
Click Reports Click Accounting Reports Click View against the Expenses by Supplier Detail Amend the Start date and/or the End date if required - set to the current period by default Click Generate Report Notes: When the report is displayed on screen ...
How Do I See A Detailed Report Of The Transactions I Have Recorded With Each Of My Customers?
Click Reports Click Choose Accounting Reports Click View against the Income by Customer Detail line in the Accounting Section Amend the Start date and/or the End date if required - set to the current period by default Click Generate Report Notes: ...
How Do I See A Detailed Report Of My Income And Expense Transactions?
Click Reports Click Accounting Reports Click View against the Transaction Detail by Heading line in the Accounting Section Amend the Start date and/or the End date if required - set to the current period by default Click Generate Report Notes: When ...
How Do I Run A Profit & Loss Report?
Click Reports Click on Accounting Reports. Click Profit and Loss Detail and run. Amend the Start date and/or the End date if required - set to the current period by default Click Generate report Notes: When the report is displayed on screen it can be ...
How Do I Select A Report To View?
Click Reports Click on one of the 4 report types and select the report from the pop up list
How Do I Print From The Reports Menu?
Click Reports Click the type of report to produce Click Run for the required report the popup list Complete the Date Selections and click Generate report Select output method; Print, PDF, Excel or .DOC and Email
How do I get the data for the Baseline Financial Resilience Report - FIN073 ?
Please ensure that system has been updated to include all transactions up to date the reporting date. Check your data entry is complete and accurate by agreeing the system's bank balance(s) to bank statement. The FCA has a 20 business day deadline ...
How Do I Change My Password?
On the login screen click FORGOT PASSWORD Enter login email address, click Reset Password An email will be sent with a link to allow a new password to be entered
How Do I Action A Repeat Transaction?
Click Settings Click Accept Repeat Transactions All triggered repeat transactions that have not been actioned are displayed on this screen. Three processing choices are possible Accept - The transaction is posted without change by a single click of ...
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