Welcome to the November 30, 2018, Jazzit Fundamentals update release notes.

Highlights from this release:

• The GST Services paragraph is available for both the Review and Audit in the Engagement Letter (JZEL)
  
  
• Added a subtotal to the second property, plant and equipment working paper (CB)
  
  
• Added the ability to insert a subtotal from last subheading in the Generic 9 column schedule (SC2)
  
  
• Please check our November 30 "What's New" document found in the link provided below for a complete list of updates.

Remember that Jazzit Fundamental updates are cumulative. Updating to this release will include all features and functionality from prior releases, together with any corrections made to the templates.

 
Here are some highlights from the September 28th update:

• Jazzit print package (JZPACK) is a new template allowing you to print your client financial statements with letters to a single file.  Documents can also be sorted in any order.
  
  
• Statement headings now provide the option to present both the current and comparative year end dates in the text
  
  
• Both the 2 column and 9 column Income Statements now support the ability to insert subtotals which add amounts below the last subheading.
  
  
• Please check our September 28^th "What's New" document found in the link provided below for a complete list of updates.

Remember that Jazzit Fundamental updates are cumulative. Updating to this release will include all features and functionality from prior releases, together with any corrections made to the templates.

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Thank you to everyone who took the time to complete our survey.

Our review and audit checklists have been updated for the 2018 PEG update from CPA Canada.

 Here are some highlights from the August 10th update:

• The Audit Engagement Report has been updated to include the post-auditor reporting (mandatory for year-ends on or after December 15, 2018).
  
  
• The Engagement Letter (JZEL) and Management Representation Letter (JZRL) for changes included in the latest PEG release including post-auditor reporting in the engagement letter.
  
  With the exception of pre CSRE 2400 review engagements, all engagements should now be using the new engagement letter (JZEL) and new management representation letter (JZRL). The old letters (EL/RL) are being phased out.
  
  
• The Audit Engagement Report now support the option to select between pre and post auditor reporting.
  
  
• Additional working papers can be set to either Working paper or Financial statements formatting (adopting the financial statements headers/footers if selected)
  
  
• The Financial Statements Checklist extensive revisions including: expanded number of columns, individual document sign-off, new comment and detail lines.
  
  
• Please check our August 10th "What's New" document found in the link provided below for a complete list of updates.

Remember that Jazzit Fundamental updates are cumulative. Updating to this release will include all features and functionality from prior releases, together with any corrections made to the templates.

Some highlights from this release:

• Updates to the Engagement Report including section headings in italics and sample wording for qualified CSRE 2400 reviews
  
  
• The Title page can now have a custom header (including letterhead) at the top of the page
  
  
• Adjustments to the Home Menu including a printed warning when set to final with rounding disabled
  
  
• The Five year Income Statement with percentage working paper can now be attached as a schedule to the financial statements
  
  
• New note for investments in limited partnerships in Joint venture and subsidiaries
  
  

The modules listed in the link below are dated May 31, 2018 in your Resource Centre JZUPDATE RC update control document.

Some highlights from this release:

• Each group in the amortization working papers (CA/CB/IA) can be reconciled to GL accounts for cost and accumulated amortization
  
  
• Balance Sheets (BS/BS2/BS3) option to net current receivable/payable and long-term receivable/payable balances from shareholders and related parties when the related note is also included in the financial statement
  
  
• If note dividers are enabled in the financial statements they can now be individually turned on or off
  
  
• The policy headings for the Significant Accounting Policies (K3A) can be set to upper/lower case globally
  
  
• Share Capital (K7) note now has a new table to disclose shareholder percentages of ownership
  
  
• The Final checklist (FC) has been updated with a variety of new features and enhancements
  
  
• The Tax note (KT) capital losses note can now disclose when losses were incurred and when they will expire

The modules listed in the link below are dated April 27, 2018 in your Resource Centre JZUPDATE RC update control document.

Some highlights from this release:

• Marketable securities working paper now automatically calculates realized and unrealized gains and losses on foreign exchange from the security transactions, interest income/expense and transfers in and out of the brokerage account;
  
  
• The Letter to Lawyer ‘Share redemption’ table can now display as “Names within share classes” and the alignment of description cells has been set to the bottom;
  
  
• Two of the generic checklists (JZPCA, JZPCC) now automatically skip Level 2 and 3 procedures if their respective Level 1 procedure is marked as “NA”;
  
  
• And more.

The modules listed in the link below are dated March 29, 2018 in your Resource Centre JZUPDATE RC update control document.

Some highlights from this release:

• A new format for calculating business/personal portions of vehicle expenses in the Business Use of Home and Vehicles working paper;
  
  
• An option for client initials sign-off at the bottom of each page in the Client Enclosure Letter and Engagement Letters;
  
  
• Client initials sign-off at the bottom of each paragraph can be controlled globally in the Client Enclosure Letter and Engagement Letters;
  
  
• Added a table to the “GST installments…” paragraph with a breakdown of GST owed for the coming year in the Client Enclosure Letter;
  
  
• And many more!

The modules listed in the link below are dated March 2, 2018 in your Resource Centre JZUPDATE RC update control document.

Some highlights from this release:

• The Title Page and Table of Contents can be combined to print on a single page;
  
  
• Added option to globally insert/delete transactions in selected securities in Marketable Securities working paper (simlilar to PPE working paper). Also added the detail back into right column of broker statement when forex is selected:
  
  
• Adjust the interest rate for each payment interval on the Loan Calculator;
• Date line can now be to the right of signature line (instead of below) at the bottom of the Engagement and Client Representation Letter;
  
  
• Prepaid Expenses, Deferred Income and Accrued Liabilities working papers now have 10 sections each;
  
  
• Expanded the number of related parties to 20 in the Related Parties note;
  
  
• And many more!

The modules listed in the link below are dated February 2, 2018 in your Resource Centre JZUPDATE RC update control document.

• CP – HOME MENU: Items which have been turned off in the statement menu no longer appear under the Admin area of the Home Menu;
  
  
• Added the ability to set decimal points for the percentage columns: IS/IS2 – INCOME STATEMENTS, SC1 – 1-2 YEAR INCOME STATEMENT SCHEDULES, SC6 – 1-9 COLUMN INCOME STATEMENT WITH BUDGET SCHEDULES
  
  
• PE/DI/JZAL – PREPAID EXPENSES, DEFERRED INCOME, ACCRUED LIABILITIES WORKING PAPERS: The amount of decimal points can now be set in the working papers.
  
  
• PLUS MORE . . .

The modules listed in the link below are dated January 10, 2018 in your Resource Centre JZUPDATE RC update document.

• RA – RISK ASSESSMENT: revised the template with over 15 new features;
• RP – ENGAGEMENT REPORT (REVIEW): title of the engagement report will read “Independent practitioner’s review engagement report” if the year end of the client file is on or after December 14, 2017;
• BS/BS2/BS3 – BALANCE SHEETS: added the option for spacing between the first signature line and the signature heading.
• PLUS MORE . . .

The modules listed in the link below will reflect the date of October 27, 2017 in the JZUPDATE document in your Resource Centre when installing and updating to the latest release.

• new templates for the engagement letter (JZEL) and management representations letter (JZRL) for review engagements with year ends on or after December 14, 2017;
• update to the existing engagement letter (EL) and management representations (RL) to the latest wording for engagements with year ends on or before December 14, 2017;
• updated the Diagnostics Report Template to include the new letters.

The modules listed in the link below will reflect the date of August 1, 2017 in the JZUPDATE document in your Resource Centre when installing and updating to the latest release.

• context sensitive online help,
• a new nine column note to the financial statements, and
• improved settings areas in the financial statements.

You can access the online Jazzit Fundamentals help guide through one of the following methods:

• Browser: Go to documentation.jazzit.com.
  
  
• Home Menu: Click on the Jazzit icon and select Jazzit Fundamentals help guide from the drop-down menu.
  
  
• Individual statements, notes and schedules: The help file is designed to be context sensitive. Click on the icon button in the section to view Jazzit Fundamentals Help Guide.
  
  
  
• Individual policies: Right-click on the icon and select Help with this policy.