Jazzit has released an update for Jazzit Fundamentals on February 26, 2015.

 

Administrators please click on the link for the log of revisions: Jazzit Fundamentals Update Log.

Also check out our new video on "Notes menu options in the financial statements".

 

Thanks to everyone who sent in their feedback to us. The following updates are included in the February 26, 2015 Jazzit Fundamentals update:

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SCRATIOS – Key Performance Indicators

• This module is now known as the Key Performance Indicators A new “Income Statement summary” table has been added to the available ratios

• Added a ratio for Working Capital ($) and Earnings before interest and tax ($)

• All ratios now support the ability to display as graphs, and can be shown as combinations of graph and data, graph only, or data only
  

•  Each graph has its own page break option for better control over layout

• Graph fonts can be either set to Arial or Times New Roman

• NOTE: In order to take advantage of this new functionality, the SC Schedules Menu will also need to be updated

 

 

 IU – Account Analysis

• The template has been redesigned for better internal use and external presentation.

• View the template as either a “working paper” or “client version”. While in “working paper” view all the information you can expect to put into a working paper, such as mapping references, annotations, document sign-off and more, are automatically set to print. When set to “client version”, the previously mentioned information is automatically set to skip allowing for a cleaner presentation ready to be handed to your clients.

• Support for up to 5 years with dollar and percent variances, together with vertical dividers between the years.

• Ability to print in either legal or letter, and in landscape or portrait (NOTE: a limit of 6 columns is recommended in portrait/letter mode and 10 columns in landscape/letter mode, any more will require a combination of landscape and legal to be used).

• Line items have been pre-populated with mapping numbers for the Balance Sheet and Income Statement sections

• Columns for link numbers, annotations, and working paper references can be turned on/off. Also, vertical dividers between year columns can be turned on/off

Click here to download a PDF sample of this template in “working paper” layout

Click here to download a PDF sample of this template in “client version” layout

 

Margin to margin underline users only

 

• NL – Notes menu, affecting KQ, KH, KO, KS, KT, K9, K5, KV, KG:

  Added the option in the Notes Menu to display margin to margin underlining on repayment tables, such as those found in the example below

• NOTE: In order to take advantage of this new functionality, the above mentioned notes will also need to be updated

 

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Jazzit has released an update for Jazzit Fundamentals on January 29, 2016.

 

Administrators please click on the link for the log of revisions: Jazzit Fundamentals Update Log.

Introducing Jazzit Webinars! A convenient online way to learn more about your Jazzit package. Check dates and register here!

Also check out our new video on "Notes menu options in the financial statements".

 

Thanks to everyone who sent in their feedback to us. The following updates are included in the January 29, 2016 Jazzit Fundamentals update:

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JZDIAG and all letters

- Added the ability to have privacy/confidentiality wording appear at the top of all letters addressed to clients. This can be set globally in the JZDIAG or individually on each letter

 

 

KD – Marketable securities

- Option 2 – Added a new format for the note which includes six columns and customizable headers

 

 

KK – Lease commitments

- Option 3 – Added a new format for the note, with customizable columns for Monthly Commitment amounts, expiry dates, and totals

 

 

 

IS2 – 9 column Income Statement

- Added the ability to display the “Gross Profit %” below the Gross Profit line using right-click functionality

 

 

 

SC6 – 1-9 year Income Statement schedule with budget

- Included an optional empty line at the bottom of the schedule for comparative figures. The total from the current year will roll forward into this prior year line when the file is rolled forward

 

- Added the ability to display the “Gross Profit %” below the Gross Profit line using right-click functionality (as IS2 above)

 

EL, RL – Engagement letter, Client Representation letter

- The “Providing client” field in the letter options is now fully customizable if the preparer is providing their client with other services outside of the standard financial statements and tax return options

 

- Updated wording when preparing a Notice to Reader with either CPEM or PPM. Wording switches to "complete" instead of "compile" when financial statements are not selected

 

K5, KG, K9, KV – Debt notes

- Debt description now changes to past tense if the debt was repaid during the current year

 

TX – Income Taxes

- Added a new section for the calculation of capital loss carryback on a provincial level

 

JZPCCA, JZPCCB, JZPCC, JZPCD – Generic checklists

- Added to the checklists the support for folder functionality, so each section can be skipped if not in use or needed

 

- Options have been added to allow the user to select which columns clear on roll forward and which do not

 

BS, BS2, BS3 – Balance Sheets

- Added the ability to display the equity heading and a single equity line is desired

 

CL – Client Enclosure letter

- Dividend income to report – The amount of dividends to report can now be shown either with or without the amount of shares redeemed during the year

 

YC – Year-end checklist

- Revised the popup cell for “financial statements and tax returns” to work similar to the Engagement letter and Client Representation letter which now as "Provided client" field in the template options area

- Added the option to select number of copies for engagement and audit waiver (same code as Client Enclosure letter)