Jazzit Fundamentals
731 articles across 10 sections.
What is Jazzit Fundamentals?
7 articlesGetting Help
3 articlesDownloading and Installing Jazzit Fundamentals
5 articlesQuick Start Guide
6 articles- Connecting Individual Files to the Resource Centre(s)
- Adding Jazzit to Working Papers files
- Setup Scenario 1 - No Previous Working Papers File
- Setup Scenario 2 - Previous Working Papers file, Mapping not used
- Setup Scenario 3 - Previous Working Papers file, Inconsistent Mapping
- Setup Scenario 4 - Previous Working Papers file, Consistent Mapping
Implementing the Jazzit Templates
21 articles- Copy the Jazzit Templates and Map Numbers into an Existing Working Papers File
- The Following Components
- Documents
- Groupings/Mapping
- Removing Old Map Numbers
- Remap Option under Copy Components (Converting to the Jazzit Map Numbers)
- Trial Balance
- Importing the Client Trial Balance
- Import from Accounting Software (Examples)
- Simply Accounting Import
- QuickBooks Import
- Importing from Excel
- Mapping the Trial Balance
- Assign Map Numbers to the Trial Balance
- A Simple Mapping Example
- Additional map number articles
- Synchronize Account Properties
- Map Number Sign Property
- Map Number Type Property
- Automap the GL Accounts
- How do I combine map numbers in Jazzit?
Jazzit Financial Statements
448 articles- Important Information about Jazzit Document Identifiers
- Jazzit Financial Statements
- Jazzit Document Identifiers
- Freeze Frame
- Home Menu
- Diagnostics
- Display
- Rounding
- How rounding differences are calculated
- Selecting Rounding Accounts
- Rounding Warnings
- Rounding Threshold
- Rounding to zero balance
- Disabling Warning Page
- Common rounding troubleshooting strategies
- Draft Balance Sheet Automatic Document for Rounding Troubleshooting
- Draft Income Statement Automatic Document for Rounding Troubleshooting
- Negative/Reverse Amounts
- Recalculation Error
- Certain amounts are missing
- Linked Notes affecting rounding
- Other factors
- Engagement
- Client Profile
- Columns
- 1-2 Year Statements with % Format
- 9 Column Statements with Budget Column
- Page Options
- Short Year
- Creating a Short Period
- Signature Lines
- Admin
- Resource Centre (KLIB) Settings
- Common Features
- Balance Origins
- GIFI Balances
- Leadsheet Balances
- Linking Statements to Generic Notes
- Netting Balance Sheet amounts
- Express menu
- Inserting a Line
- Sort
- Insert linked / manual line disabled
- Insert Subtotals
- Subheadings or Line Spaces
- Subtotal from last subheading
- Delete Current Line
- Input Paragraphs
- Line Item Descriptions
- Page Breaks
- Changed Value Flag
- Change a Line Description
- Section format
- Changing or Adding Note Number References in the Statements
- Main Statement headings
- Statement Section Headings Formatting
- Insert an Excel object into the Jazzit financial statements
- Reloading/Updating Statements, Schedules, and Notes
- Title Page
- Title Page Settings
- Statement Menu (Index to Financial Statements)
- Engagement Report
- CSRS 4200 - What to update
- Row switches on the engagement report
- Balance Sheet (2 Year with % Format)
- Balance Sheet Rounding Options
- Fit the Balance Sheet on One Page
- Flip Lines
- Statement of Financial Position (NFP)
- Balance Sheet (9-column Statement Format)
- Balance Sheet Rounding Options
- Partners capital or Net Asset Linkage
- Balance Sheet (1-2 year with Opening Balances)
- Statement Settings - Column Settings
- Statement of Financial Position (Public sector)
- Income Statement (2 Year with % Format)
- Rounding in Statement of Financial Position (Public sector)
- Income Statement Rounding Options
- Fit the Income Statement on One Page
- Expenses Moved to Separate Schedule
- Collapse Section to One Line
- Combine the Statement of Retained Earnings and the Income Statement
- Include Statement of Comprehensive Income statement at the bottom
- Income Statement (9-column Statement Format)
- Percentage Rounding
- Income Statement Rounding Options
- Combine the Statement of Retained Earnings and the Income Statement
- Statement of Retained Earnings
- Combine the Statement of Retained Earnings and the Income Statement
- Statement of Changes in Equity
- Statement of Changes in Net Assets
- Current and Prior Year
- 3 Funds Max
- Funds in Columns (9-column format only)
- Combining Net Asset Statement with Operations Statement
- Statement of Partners' Capital
- Current and Prior Year
- 5 Partners Max
- 3 Partners Max
- Partners in Columns (9-column format only)
- Statement of Accumulated Surplus (Deficit)
- Statement of Changes in Net Financial Assets (Debt)
- Statement of Cash Flow (2 Year with % Format)
- Statement of Cash Flow Rounding Options
- Fit the Statement of Cash Flow on One Page
- Statement of Cash Flow - Direct Method
- Statement of Cash Flow (9-column Statement Format)
- Statement of Cash Flow Rounding Options
- Fit the Statement of Cash Flow on One Page
- Statement of Cash Flow - Direct Method
- Notes to the Financial Statements
- Notes Summary and Behaviors
- Notes Menu
- Inserting, sorting, updating or deleting a Note
- Common Note Features
- Delete/Note Options
- Note Diagnostics
- Linking Individual Entity Balances to Notes
- Copy a Note from an Existing File
- Inserting a Note from Excel
- How do I remove the carryforward header?
- Specific Notes
- Significant Accounting Policies
- Assets under capital leases policy
- Basis of consolidation policy
- Basis of presentation - introduction to policies
- Basis of presentation policy
- Callable debt
- Capital management (PAE)
- Capitalized costs policy
- Capital management requirements
- Cash and short term investment policy
- Cash and short term investments policy
- Cash and cash equivalents policy
- Cash equivalents policy
- Changes in accounting policies
- Changes in accounting policies - ASPE/ASNPO
- Comparative figures policy
- Contributed services (Not for Profit)
- Convertible debt instruments policy
- Deferred franchise fee policy
- Depletion (Not for Profit)
- Development costs policy
- Donated goods (Not for Profit)
- Employee future benefits
- Environmental expenditures policy
- Financial instruments policy (ASPE/ASNPO)
- Financial instruments policy 2
- Foreign currency policy
- Foreign currency translation policy
- Fund accounting (Not for Profit)
- Future changes in significant accounting policies
- Future income taxes policy
- Generic 2 column policy
- Going concern policy
- Goods and Services Tax (Not for Profit)
- Goodwill policy
- Government assistance policy
- Government grants policy
- Impaired loans and allowance for loan impairment policy
- Impairment of Long Lived Assets (Not for Profit)
- Income taxes payable policy
- Incorporation and operations policy
- Indefinite-life intangible assets policy
- Intangible assets policy
- Interest capitalization policy
- International financial reporting standards (IFRS)
- Inventory policy
- Inventory policy 2
- Inventory policy 3
- Inventory - agricultural measured at cost
- Inventory - agricultural measured at net realizable value
- Investment tax credit policy
- Investments policy
- Investments with significant influence policy
- Other investments policy
- Investments and other non-cash assets (Not for Profit)
- Investment in joint ventures policy
- Leases policy
- Leases policy 2
- Measurement uncertainty
- Measurement uncertainty policy 2
- Measurement uncertainty policy 3
- Net assets (Not for Profit)
- Other assets policy
- Pledges (Not for Profit)
- Productive biological assets
- Proprietorship / partnership policy
- Property, plant & equipment policy
- 2nd property, plant & equipment policy
- Removal & restoration costs policy
- Research and development policy
- Retractable and mandatory redeemable shares policy
- Revenue recognition policy
- Revenue recognition (Not for Profit)
- Sales revenue recognition policy
- Single policy with no heading
- Software costs policy
- Stock based compensation policy
- Stock options policy
- Additional policy 1-20
- Bank Indebtness
- Default
- Option 1
- Option 2
- Basis of Presentation
- Default
- Option 1
- Option 2
- Option 3
- Basis of Accounting
- Cash Flows
- Cash - Default
- Non-cash Changes
- Statement of Cash Flow not Meaningful
- Comparative Figures
- Default
- Option 1
- Option 2
- Contingent Liability
- Default
- Option 1
- Option 2
- Contractual Obligations
- Default
- Format 2
- Format 3
- Format 4
- Format 5
- Format 6
- Format 7
- Format 8
- Format 9
- Description of Business
- Default
- Option 1
- Option 2
- Due to (from) Related Parties
- Detailed Disclosure
- Default
- Option 1
- Option 2
- Due to (from) Shareholders
- Detailed Disclosure
- Default
- Option 1
- Option 2
- Economic Dependence
- Default
- Format 2
- Format 3
- Format 4
- Format 5
- Exceptional Items
- Insurance gain on fire
- Expropriation
- Format 3
- Format 4
- Format 5
- Financial Instruments
- Option 1
- Accumulated comprehensive income
- Fair value of financial instruments
- Generic and Single Column
- Option 2
- Bank note payable - bank
- Credit facility
- Discontinued operations
- First Time Adoption of ASPE / ASNPO
- Incentive stock option plan
- Insurance claim
- Introduction to notes
- Loan payable
- Shares classified as liabilities
- Generic note 1a - 1ad
- Generic note KN50 - KN54 with single numeric column
- Generic note KN55 with single numeric column (5 subsections)
- Generic Two Column
- Linked to trial balance
- Generic note 2A - 2J
- Generic note r1, r4 and r6 with 1-12 subsections
- Linking the notes to the Balance sheet, Income statement or schedules
- Generic Three or Five Column
- KPA - Allocation of an impairment loss
- KP6 - Inventory note with quantities
- Linking the notes to the Balance sheet, Income statement or schedules
- KPE - Inventory option 2
- KP5 - Other assets note
- Linking the notes to the Balance sheet, Income statement or schedules
- KPG - Right of Use Lease
- KP9 - Sales details
- KPD - Detailed amortization note
- KP7 - Stock based compensation plan
- KPB - Stock options
- KP1 - 3 or 4 column with comparatives
- Linking the notes to the Balance sheet, Income statement or schedules
- KP2 - KP4 - 3 or 4 column with total column
- KP8 & KPC - 3 to 5 column multi-section note
- Linking the notes to the Balance sheet, Income statement or schedules
- Generic 9-column note
- Going Concern
- Default
- Shareholder's deficiency
- COVID-19
- Format 3
- Format 4
- Format 5
- Government Assistance
- Default
- Format 2
- Format 3
- Format 4
- Format 5
- Intangible Assets
- Default
- Goodwill
- Option 1
- Joint ventures and Subsidiaries
- Option 2
- Default
- Investments in joint ventures
- Joint venture note with subtotals
- Investments in subsidiaries
- Investments in significantly controlled enterprises
- Format 2
- Format 3
- Format 4
- Format 5
- Investments in limited partnerships
- Equity in joint ventures
- Lease Commitments
- Default
- Option 1
- Option 2
- Loans and Notes Receivable
- Option 3
- Linked to trial balance
- Linked to JI WP
- Option 1
- Option 2
- Long Term Debt
- Linked to Trial Balance
- Linked to JI WP
- Option 1
- Option 2
- Long Term Investments
- Default
- Option 1
- Option 2
- Obligations under Capital Lease
- Option 3
- Capital leases
- Linked to trial balance
- Linked to JI WP
- Format 1
- Format 2
- Format 3
- Format 4
- Other Category A
- Default
- Format 2
- Format 3
- Format 4
- Format 5
- Other Category B
- Default
- Format 2
- Format 3
- Format 4
- Format 5
- Property, plant and equipment
- Default
- Format 2
- Format 3
- Format 4
- Option 1
- Option 2
- Refundable Income Taxes
- Default
- Option 1
- Option 2
- Related Party Transactions
- Default
- Option 1
- Option 2
- Marketable Securities
- Default
- Linked to JI WP
- Option 2
- Short Term/Callable Debt
- Callable Debt - Linked to Trial Balance
- Callable Debt - Linked to JI WP
- Short Term Debt - Default
- Short Term Debt - Option 1
- Short Term Debt - Option 2
- Share Capital
- Default
- Share redemption schedule
- Share transactions during the year
- Percentage ownership of shareholders
- Stock-based compensation plans
- Stock Options
- Option 1
- Redemption schedule
- Option 2
- Subsequent Events
- Default
- COVID-19
- Option 1
- Option 2
- Tax and Other Government Remittances
- Default
- Non-capital Tax Losses Carried Forward
- Capital Tax Losses Carried Forward
- Investment Tax Credits
- Reconciliation of Income Tax Expense (dollars)
- Future Income Taxes
- Reconciliation of Income Tax Expense - Format 2
- Future Income Taxes - option 2
- Government Remittances Payable Other than Income Tax
- Linking the notes to the Balance sheet, Income statement or schedules
- Change in Accounting for Future Taxes
- Capital Tax Losses - Format 2
- Income Taxes - Cash Basis
- Generic Tax Note
- Jazzit Schedules
- Inserting Schedules into the Jazzit Financials Statements
- Applying the Entities to Schedules
- Link GL Balances to Schedules
- Include Schedule Balances on the Statements
- Schedule Formats
- 1-2 Column Income Statement Schedule
- 1-9 Income Statement with Budget Schedule
- Generic 9 Column with Subtotals Schedule
- Manufacturing Cost of Sales Schedule
- Partner's Taxable Income Schedule
- Analysis of Sales and Gross Profit Schedule
- Property, Plant and Equipment Schedule
- Management's Responsibility Report
- Statement of Comprehensive Income
- Key Performance Indicators
- Key Performance Indicators charts and graphs
- Performance measures
- Key Performance Indicators Calculations
- Generic letter (FSLETTER)
- Adding more than 20 Schedules
- Adding the Additional Schedules to the Client File
- Using the Additional Schedules (Schedules 21 – 30)
Jazzit Letters
68 articles- Jazzit Letters
- Letters Included In Jazzit
- Express menu in letters
- Common Letter Features
- Option area
- Top section
- Formatting options
- Engagement options
- Document Settings
- Address Area
- Paragraph options
- Page Breaks
- Letter Signatures
- Section heading
- Sort Section
- Showing the Client Initials
- Client Number
- Additional letter (Q1-Q9 QA-QK)
- Acknowledgement of independence letter (JZAOI)
- Accounts payable confirmation (JZAP1)
- Accounts receivable confirmation (JZAR1)
- Additional letter from client (JZR1)
- Bank confirmation (BC-BG)
- Bank confirmation letter (BL-BP)
- Bank confirmation letter for client (BB)
- Bookkeeping letter (JZBKL)
- Template Specific Engagement Options
- Main content
- Client Enclosure Letter (CL)
- Formatting Options
- Tax Options
- Client Enclosure Letter Highlight
- Enclosure Letter Items
- Client Invoice (I1)
- Template Specific Options
- Client Invoice Highlights
- CRA enclosure letter (T2)
- Template Specific Engagement Options
- Main content
- Envelope #10 (I1)
- Template Specific Options
- Client Invoice Highlights
- Management Representation Letter (JZRL)
- Template Specific Options
- Management Representation Letter Highlights
- Minute book review (JZMBREV)
- Formatting Options
- Engagement options
- Document settings
- Minute Book Review Highlights
- Engagement Letter (JZEL)
- Reporting Options
- Engagement Letter Highlights
- Independence letter (JZIL)
- Management Letter (ML)
- Template Specific Options
- Management Letter Highlights
- Letter to Lawyer (JZL1)
- Template Specific Options
- Letter to Lawyer Highlights
- Letter to predecessor accountant / auditor (JZPA)
- Provincial tax enclosure letter (P1)
- Template Specific Engagement Options
- Main content
- Year-end checklist letter (YC)
- Template Specific Engagement Options
- Extra Pages
- Custom Report (JZRX)
Jazzit Working Papers
126 articles- Working Papers Included In Fundamentals
- Jazzit Working Papers
- Common Working Paper Features
- Working Papers Diagnostics
- Account Analysis Working Paper (IU)
- Template Specific Options
- Working Paper Highlights
- Balance Sheet
- Income Statement
- Accounts payable confirmations control (JZAPCTRL)
- Accounts receivable confirmations control (JZARCTRL)
- Additional working paper (W1-W9 WA-WK)
- ASPE - revaluation of property, plant & equipment (JZASPEPE)
- Template Specific Options
- Working Paper Highlights
- Accrued Liabilities (JZAL)
- Template Specific Options
- Working Paper Highlights
- Business Use of Home and Vehicle (JZBUHV)
- Bank reconciliation (JZBR1-5)
- Callable Debt (JZCD)
- Working Paper Highlights
- Accrued Interest & Reasonability
- Future Repayments
- Capital Leases (JZCPL)
- Working Paper Highlights
- Accrued Interest & Reasonability
- Future Repayments
- Considerations for next year (JZNEXT)
- Continuity of disposals (CE)
- Checklist with Y/N & checkmark (JZPCA)
- Checklist with checkmark and initials (JZPCB)
- Checklist with Y/N and initials (JZPCC)
- Checklist with multiple Y/N columns (JZPCD)
- Checklist with multiple checkmark columns (JZPCE)
- Deferred income (DI)
- Template Specific Options
- Working Paper Highlights
- Diagnostic Report (JZDIAG)
- Template Specific Options
- Working Paper Highlights
- Engagement queries (JZQS)
- Final checklist (FC)
- Financial instruments (JZFIW)
- Financial statements checklist (FI)
- Generic Working Papers
- Comparative Generic (M1)
- Working Paper Options
- Working Paper Highlights
- Five Year Generic Working Paper (N1)
- Working Paper Options
- Working Paper Highlights
- Five Column Generic Working Paper (JZ5COL1)
- Working Paper Options
- Working Paper Highlights
- Five Period Generic Working Paper (JZ5P)
- Working Paper Options
- Working Paper Highlights
- 5 Period Income Statement with % (JZ5YRIS)
- Working Paper Options
- Working Paper Highlights
- Using JZ5YRIS as a Financial Statement schedule
- Generic 9 column multi-section (JZGNMSWP)
- Income Taxes (TX)
- Investment income (JZDR)
- Template Specific Options
- Working Paper Highlights
- Future income taxes (FT)
- Intangible assets (IA)
- Template Specific Options
- Working Paper Highlights
- Jazzit print package (JZPACK)
- Knowledge of business checklist (JZKC)
- Template Specific Options
- Financial Ratios
- Loans and notes receivable (JZLNR)
- Working Paper Highlights
- Accrued Interest & Reasonability
- Future Repayments
- Loan Calculator (JZLAMORT)
- Link to Working Paper
- Not linked to Working Papers
- JZLAMORT Features
- Long Term Debt (LT)
- Working Paper Highlights
- Accrued Interest & Reasonability
- Future Repayments
- Marketable Securities Working Paper (MS)
- Template Specific Options
- Marketable Securities Highlights
- Broker Summary
- Average monthly exchange rates
- Realized loss (gain) on foreign exchange
- Interest earned (paid) on cash balances and cash transfers during the year
- Summary of disposals during the year
- Summary of income/payments
- Gain (loss) on sale of securities*
- Marketable securities summary
- Unrealized gain (loss) marketable securities
- Specified foreign property
- Securities Details
- Adding/creating additional Marketable securities working papers to a file
- Recording An Addition to the Cost base
- Foreign Exchange Marketable Case Study
- Net worth statement (JZNET)
- Notes from review with client (3B)
- Other non-current assets (OD)
- Prepaid expenses (PE)
- Template Specific Options
- Working Paper Highlights
- Property, Plant and Equipment (CA/CB)
- Template Specific Options
- Working Paper Highlights
- Maintaining Extra Group lines
- Reconciliation of cost to UCC
- Reconciliation of retained earnings at transaction date (JZASPE1)
- Risk assessment for account balances (RA)
- Summary of misstatements (JZMIS)
- Tax payments schedule (JZTXPMT)
- T4 reconciliation (JZSR)
- Tax - Detailed Method Working Paper (GS)
- Template Specific Options
- Working Paper Highlights
- Tax - Quick Method Working Paper (G1)
- Template Specific Options
- Working Paper Highlights
Consolidations
25 articles- Importing accounting data into consolidation file
- Dividing the existing trial balance into different worksheets
- Using the 2 Year with % format
- Statement of Changes in Net Assets
- Format A
- Format B
- Statement of Revenues and Expenditures
- Combined Single Statement of Revenues and Expenditures
- Each Fund as a Separate Schedule
- Applying the Funds To Schedules
- Include Schedule Balances on the Statements
- Link GL Balances to Schedules
- Using the 9 Column Statement Format
- Column Settings
- Restricted Fund Method
- Column Settings
- Statement of Charges in Net Assets
- Statement of Financial Position
- Year End Close With Multiple Funds
- Funds created as entities using the Consolidation feature in Working Papers
- Rounding the financial statements when entities are used
- Rounding in the default 2 year income statement
- Notes to the Financial Statements
- Linking balances from external entities to working papers
- Year-end close with multiple entities
Updating Jazzit Fundamentals
22 articles- Overview
- What you will need
- Updating the Resource Centre
- Step 1 - Connecting To the uncompressed GENMST
- Step 2 - Download from website to update directory
- Step 3 - Connecting to the klibupdate Directory
- Step 4 - Refresh Dates
- Step 5 - Update all modules without customization dates
- Step 6 - Load 9 - Column Statement Defaults
- Additional Steps
- Updating Customized Templates
- Adding New Working Papers and Letters
- Updating the Jazzit Master File
- Updating Jazzit Financial Statements
- Updating Financial Statement Components
- Update notes in the financial statements
- Update any inserted schedules
- Update letters and working papers
- Updating the FULMST and Firm Templates
- Updating Client files
- Updating individual modules manually without using the update control
- Updating FRMLIB and FRMMST