Changing Entity Type after processing a Job

Yes, the Entity Type can be corrected, but automatic tax rate updates in tax workpapers are not yet available. This functionality is currently under development. In the meantime, a manual workaround is available.

Current System Behavior

At present, the system does not automatically update the Company tax rate in the tax workpapers when the Entity Type is changed . Automatic synchronisation of the tax rate across workpapers is a feature currently under development and will be released in a future update.

Workaround (Available Now)

If the Entity Type was selected incorrectly and needed to be changed, follow these steps:

Step 1: Update the Entity Type

• Navigate to the Clients tab.

• Locate the relevant client record.

• Change the Entity Type.

• Save the changes.

Step 2: Correct the Chart of Accounts (CoA) Mappings After updating the Entity Type, the CoA Mappings must be realigned to reflect the new entity type. You can do this in one of two ways:

• Option A – Reset the Job: Reset the job so that CoA Mappings are regenerated based on the updated Entity Type (Company).

• Option B – Manual Validation and Adjustment: Review the existing CoA Mappings and manually validate and adjust them to ensure they are correct for a Company entity.

Step 3: Review Tax Workpapers Since the Company tax rate will not update automatically, manually review the tax workpapers and apply the correct Company tax rate where required.

Future Enhancement

Once the in-development feature is released, the system will automatically update the Company tax rate in the relevant tax workpapers whenever the Entity Type is changed, removing the need for manual intervention.