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January 16 Jazzit Fundamentals Update Available

Posted by on in Jazzit Updates
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Jazzit has released an update for Jazzit Fundamentals on January 16, 2015. Administrators please click on the link for the log of revisions:


Remember to check out our 9 Column Implementation Video!


Thanks to everyone who sent in their feedback to us. The following updates are included in the January 16, 2015 Jazzit Fundamentals update:


9 Column Balance Sheet

A new format option has been added, which enables users to select between the regular balance sheet presentation and the PSAB (Public Sector Accounting Board) presentation. This is available for both classified and unclassified options.




Added support for listing 3 funds as rows when the following is true:

  • Structure is set to Not-For-Profit.
  • Format C is selected in the net assets statement.
  • Only the Current Year and Prior Year columns are selected in the balance sheet.


Income Statement

Added an optional description for the subtotal after fees. For it to appear, the subtotal must be set to print, by the switch to the far right of the line.


Statement of Cash Flow

Added note references to all lines in the direct method calculation. Click on the note reference to jump to the corresponding note.



Loan Calculator

Added the ability to specify a loan amortization period which extends beyond the loan maturity date. A warning has been added if the amortization period is prior to the maturity date.



Engagement Letter

Added "Title of Owner(s)" and "Number of Owner(s)" to the letter options. Also added requested single/plural shareholder wording.


Description of Business Note

Added the ability to change the tense of the default description of business note. Also added the ability to date when the company was incorporated.