March 31 Jazzit Fundamentals Update Available

Friday, March 31, 2017

IS/IS2 – INCOME STATEMENTS

  • Added the ability to perform prior period adjustments when the statement is combined with the Statement of Retained Earnings/Proprietorship/Changes in Net Assets

BS/BS/BS3 – BALANCE SHEETS

  • Added the wording options for “parent” and “subsidiary” to the dropdown for both current and long term assets and liabilities "Due from related parties" menu

JZ5YRIS – 5 PERIOD INCOME STATEMENT WITH % WORKING PAPER

  • Added the ability to apply formatting to subtotals i.e. bold, italics and underline

I1 – CLIENT INVOICE

  • Updated the provincial PST rate for Saskatchewan to 6%

GS - GST/HST reconciliation - detailed method

  • Updated the provincial PST rate for Saskatchewan to 6%

KH – DUE TO (FROM) RELATED PARTIES

  • Default note – Added the ability to adjust rounding to any related party via express button functionality