| Overview |
BrightTax Accounts Production supports the preparation of statutory accounts for a defined range of entity types and accounting standards. This article explains which entity types and account formats are supported, and what to do if your client falls outside the supported range.
| Supported Entity Types and Accounting Standards |
| Entity Type | Standard | Supported in BrightTax AP |
|---|---|---|
| Small limited companies | FRS 102 Section 1A (2023) | ✔ Yes |
| Micro-entity companies | FRS 105 (2023) | ✔ Yes |
| Sole traders | FRS 102 / bespoke | ✔ Yes — via BrightAP integration |
| Partnerships | FRS 102 / bespoke | ✔ Yes — via BrightAP integration |
| LLPs | FRS 102 | ✗ Not currently supported |
| Charities | Charities SORP (FRS 102) | ✗ Not currently supported |
| Academies | Academy SORP | ✗ Not currently supported |
| Pension schemes | Pension SORP | ✗ Not currently supported |
| Groups (consolidated accounts) | FRS 102 | ✗ Not currently supported |
| ⚠ Important: BrightTax Accounts Production does not currently support charity accounts (Charities SORP), LLP accounts, consolidated group accounts, or specialist SORP accounts. Attempting to use a standard FRS 102 template for these entity types will produce non-compliant accounts. |
| Charity Accounts — What to Do |
If you need to produce accounts for a charitable entity, BrightTax Accounts Production is not the appropriate tool at this time. Options available to your practice:
- Use specialist charity accounts software — dedicated charity accounts packages support the Charities SORP and the specific disclosure requirements for charitable entities. Produce the accounts externally and attach the iXBRL file to the BrightTax CT return if Corporation Tax is also required.
- Contact the Bright sales team — if charity accounts production is a significant requirement for your practice, contact brighttaxsales@brightsg.com to discuss roadmap or alternative solutions.
| FRS 102 vs FRS 105 — Which Template to Use |
| FRS 102 Section 1A | FRS 105 Micro-entity | |
|---|---|---|
| Turnover threshold | Up to £10.2m | Up to £632,000 |
| Balance sheet total | Up to £5.1m | Up to £316,000 |
| Employees | Up to 50 | Up to 10 |
| Directors Report required | Yes | No |
| Notes to accounts | Full disclosure required | Minimal disclosures |
| Companies House filing | Full or filleted accounts | Micro-entity balance sheet only |
| ✔ Tip: If in doubt between FRS 102 and FRS 105, use FRS 102. A company that qualifies for micro-entity may still choose to prepare under FRS 102 — the reverse is not true. |
| Frequently Asked Questions |
Q: My client is a small charity — can I use FRS 102 in BrightTax?
A: No. Charities are required to prepare accounts under the Charities SORP, which is a specific application of FRS 102. BrightTax does not currently support the Charities SORP — using the standard FRS 102 template would produce non-compliant accounts for a charitable entity.
Q: My client is an LLP — can I use BrightTax Accounts Production?
A: LLPs are not currently supported in BrightTax Accounts Production. LLP accounts require specific disclosure requirements that differ from limited company accounts.
Q: Can I use BrightAP for charity or LLP accounts?
A: BrightAP offers more flexibility than BrightTax AP, with custom nominal codes and trial balance lines. Contact the Bright sales team to discuss whether BrightAP meets your requirements for these entity types.
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