February 28 Jazzit Fundamentals Update Available

Tuesday, February 28, 2017

JZUPDATE – RESOURCE CENTRE UPDATE CONTROL

  • The steps have been simplified and warning indicators added to make the update process simpler and more informative

*NEW DOCUMENT* JZTXPMT – TAX PAYMENT WORKING PAPER

  • A new multi-section (max. 5), multi-column (max. 10) working paper designed to summarize all corporates taxes, GST/HST and remittances made by the entity

*NEW DOCUMENT* ZGNMSWP – GENERIC MULTI-SECTION WORKING PAPER

  • A new multi-section (max. 5), multi-column (max. 10 incl. total) working paper designed to provide flexibility in designing working papers for various engagement requirements

*Please note: Linked lines will need to be inserted to take make use of column settings functionality

Q1 - QK – ADDITIONAL LETTERS

  • Added a comprehensive “toolbox” of commonly used terminology throughout the financial statements and letters to assist preparers when designing firm custom letters

CP – HOME MENU

  • Added direct links to the support button for GoToAssist Remote Assistance and Request a feature/Report an issue webpages

K5, K9, KG, KV – DEBT NOTES

  • Added the ability to change the style of subheadings throughout the note. These changes affect all subheadings in the note, so changing one changes them all

SC2 – GENERIC 9 COLUMN SCHEDULE WITH SUBTOTALS

  • Each section now has the ability to display the heading if only a single line is populated

KO – GENERIC TWO COLUMN NOTES

  • Generic note: R1, R4 and R6 – Replaced the dropdown to select the number of sections in the note with tickboxes to switch each section on or off

KP – GENERIC THREE OR FOUR COLUMN NOTES

  • Generic note: KPA, KP6, KPB, KP8, KPC - Replaced the dropdown to select the number of sections in the note with tickboxes to switch each section on or off (as shown in screenshot above)

TX – INCOME TAXES

  • The “Reconciliation of provision from prior year to notices of assessment” table now supports the ability to add up to twenty lines and add or subtract each line individually

YC – YEAR-END CHECKLIST

  • The “Personally owned vehicle used for business” section now supports up to ten vehicles

EL – ENGAGEMENT LETTER

  • The option for “Prior year date” has been added to Notice to Reader engagements

2/9 COLUMN STATEMENTS

  • Added the ability to change the style of subheadings throughout the statement(s). These changes affect all subheadings in the relevant statement(s) i.e. Balance Sheet, Income Statement, etc., so changing one changes them all

  • Express button functionality can now be accessed by right-clicking anywhere in the row