Jazzit has released an update for Jazzit Fundamentals on July 31, 2015.

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

Make sure to check out our new Jazzit Support Centre!

Also check out our new video on the Jazzit Financial Statements Home Menu!

Thanks to everyone who sent in their feedback to us. The following updates are included in the July 31, 2015 Jazzit Fundamentals update:

CA-CB Property, Plant & Equipment Working Papers & IA Intangible Assets

• Added a new section in the template options that allows the user to insert a desired number of rows into selected or all groups.

JZKC Knowledge of Business Checklist

• Added "Preliminary" and "Final" columns to the table of financial ratios.

CP Home Menu

• Added rounding threshold information into the rounding section.

CL Client Enclosure Letter

• Added ability to specify applicable year for management bonus. User can also specify the date in which remittances are due on bonus.

JZCPL Capital Lease Working Papers

• Modified to show the current portion of future lease payments net of interest which agrees to the current position shown on the balance sheet.

JZLAMORT Loan Calculator

• Modified to report the interest portion of total lease payments for the next twelve months to the lease obligations working paper.

CF-CF2 Cash Flow Statements

• Added two new manual lines with underlining and print/skip switch in the "Cash Flow Supplementary Information" section.

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

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

Make sure to check out our new Jazzit Support Centre!

Also check out our new video on Jazzit Support Resources!

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

CL Client Enclosure Letter & Q1-QK Additional Letters

• Added a visual compare option when "Update section from Resource Centre" is selected in the express button menu. This provides the user with a comparison of what is currently in the client letter, versus what is in the Resource Centre (located in the lower window pane).

MS-JZMW Marketable Securities Working Papers

• Summary of specified foreign property can now be sorted either manually or by country code. Once it has been sorted by country code, you can also add in subtotals as desired for each country using the "Insert subtotal" express button menu option.

G1 GST/HST Reconciliation - Quick Method

• Added a table for adjustments to total revenue. Users can now insert either manual or linked lines into this area.

BS, BS2, BS3 Balance Sheets

• Updated express buttons for long term assets and liabilities to allow switching section heading on/off. By default, it will switch on when indented and off when set to no indent.

Q1-QK Additional Letters

• Added the ability to display paragraph on/off switches to all additional letters.

JZPCD, JZPCC, JZPCB, PZPCA Generic Checklists

• Inline Diagnostics have been added to the generic checklists.

IS 2 Year Income Statement

• Added support for zero and one decimal point for 2 year EBITA amounts.

CL Client Enclosure Letter

• All CRA remittances that are not attached to a return now to go one address.

Jazzit has released an update for Jazzit Fundamentals on May 29, 2015.

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

Make sure to check out our new Jazzit Support Centre!

Also check out our new video on Jazzit Support Resources!

Thanks to everyone who sent in their feedback to us. The following updates are included in the May 29, 2015 Jazzit Fundamentals update:

9 Column Financial Statements - Partnership Only

• Added new format option for Partnership to show partners in columns rather than rows. Note that partners must be setup as entities in order to use this format option. The layout is similar to the existing NFP format B.

IS 2 Column Income Statement

• Added right mouse menu to CY and PY % in revenue and fees section so user can adjust the amount +/- .01 for any rounding differences so section will total 100.00.

IS2 9 Column Income Statement

• Added new option under page options for "Earnings or loss". This will switch between earnings and loss (rather than income and loss) depending on balances for current and prior year(s).

CL Client Enclosure Letter

• Added the Express button option to show/hide print/skip checkboxes on each paragraph within the letter. This allows you to turn on and off paragraphs for each section as desired. There is also a global switch in the template options area to show/hide all row checkboxes.

NL Notes Menu

• Added option to edit the header wording for note pages within the settings section located at top of the notes.

Q1-QK Additional Letters

• Increased the number of paragraph groups from 10 to 30. Added option to sort paragraph groups in the freeze frame. Added option to hide unselected paragraph groups in the document options area.

SC Schedules Menu

• Added the option of "For the..." in the date cells of all 20 schedule headers for consistency of options with the statements.

WV Waiver of Audit Resolution

• Added option to select province from the template options. The appropriate act will automatically be displayed based on which province is selected.

BS/BS2/BS3 Balance Sheets

• The federal tax is now no longer netted against provincial tax. It is now possible to have both income taxes payable and receivable on the balance sheet (for example if federal is payable and provincial is receivable).

IS/IS2 Income Statements

• Added a warning at top of statement of RE when PPA switch is off and PPA adjustments are present. 2x click on the warning to open the PPA section.

CF/CF2 Statements of Cash Flow

• Added print/skip switches to all rows that cannot already be skipped (via link dropdown cell) in the direct method calculations section.

G1 GST/HST reconciliation - quick method of accounting options

• Template has been redesigned to provide required information for the quick method of accounting GST/HST form.

EL Engagement Letter

• Correction made to the NTR report so it will maintain the indented position when updated from Resource Centre.

Jazzit has released an update for Jazzit Fundamentals on April 23, 2015.

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

Make sure to check out our new Jazzit Support Centre!

Thanks to everyone who sent in their feedback to us. The following updates are included in the April 23, 2015 Jazzit Fundamentals update:

JZR1 Additional Letter From Client

We have added a customizable letter which is from your client addressed to your accounting firm. This is the opposite of the existing blank additional letters.

TX Income Taxes Working Paper

We have added a "Summary of loss carried forward" table to the working paper. We have also increased the decimal points from 2 to 3 in the GRIP section.

K9 Loans and Notes Receivable Note

We have added tables to show the aging of loans and loan impairments to the notes linked to the trial balance and Jazzit working paper.

K4 Property, Plant & Equipment Note

We have added a PPE note which allows you to detail additions and disposals to capital assets. By default, the note is linked to your Jazzit working paper.

JZBR1-JZBR5 Bank Reconciliation

We have increased the number of available bank reconciliation working papers from 1 to 5.

JZ5COL1 Five Column Generic Working Paper & JZ5P Five Period Generic Working Paper

We have increased the number of available groups from 10 to 40. We have also added the option to display a particular group in the freeze frame.

Jazzit has released an update for Jazzit Fundamentals on March 27, 2015.

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

Make sure to check out our new Jazzit Support Centre!

Thanks to everyone who sent in their feedback to us. The following updates are included in the March 27, 2015 Jazzit Fundamentals update:

Loan Calculator & related debt notes

Added support to provide compounding interval, payment interval, and loan type (blended, interest only, and principal only) information to the related debt notes in the financial statements from the loan calculator.

Financial Statement Home Menu

Home menu at the top right now indicates if financial statements are properly linked to the Resource Centre and when the administrator last updated the Resource Centre.

9 Column Balance Sheet

Two signature lines can now be placed either one below the other, or side by side via a dropdown in the signature area.

Marketable Securities Working Papers

We have added the ability to specify the country code for securities marked as specified foreign property.

Comparative & Five Year Generic Working Papers

Increased the number of available groups from 10 to 40. Also added the option to display a particular group in the freeze frame.

Engagement Letter

Updated to reflect the 2014 CPEM wording revisions for review engagements.

The sample report is now indented and we have added the option to skip report heading and signature block (both set to skip by default for review and audit engagements per CPEM samples). We have also added the option to bold or unbold the section headings in the sample audit report.

Document Maps

Document maps have been added to Jazzit working papers and letters to assist with navigation. Quickly get to the section you want by using the document map panel.

Jazzit Working Papers and Letters

Top right corner (below the license information) now indicates if properly linked to the Resource Centre and includes diagnostics to help troubleshoot if Resource Centre is not found.