The principle of status in Accfin Sky software is a robust mechanism designed to track and control various stages of tax and client management processes and is used in every aspect of the system. Here’s how it works:
1. Tracking and Filtering Transactions: The status function allows you to assign specific statuses to different transaction types, enabling efficient tracking and filtering. This ensures you can manage and control each transaction effectively based on its status, such as active, dormant, or resigned (AccFinsky) (AccFinsky).
2. Global and Individual Status Updates: You can update statuses globally across all records or individually for specific clients. This feature is particularly useful for marking records as finalized, ensuring only those ready for submission are locked and processed accordingly. This global update can be done quickly with an update button, while individual updates can be performed in edit mode on the review screen (AccFinsky).
3. Provisional Tax Process Management: In the context of provisional tax, statuses help track the stages of filing, such as calculation, review, and submission. For example, you can change a status to "finalized" to lock records for submission or to "correction" when corrections are needed. This ensures that only records meeting the necessary criteria are submitted to SARS (AccFinsky).
4. Automated Assessment and Corrections: When dealing with auto-assessments, the status will reflect stages like "auto assessed" or "correction requested." This allows for systematic retrieval and updating of assessments from SARS, ensuring that corrections and further actions are tracked and managed within the software (AccFinsky).
How to Setup Status
Sky Software allows the use of Status which can be selected against each transaction so that the data within that transaction type can be filtered allowing the tracking and the control of each transaction within that type. In fact the user can add their own filter words that will fit their specific practice.
Status will be found on the menu option below.
Once selected the following screen will display. Click on the down arrow to Select Status Group for the transaction type you want to add or edit. Then click on the refresh icon - arrows to load Master Statuses.
The screen below shows how the STATUS is used to FILTER. The green arrow shows where to select the status. A blank status will allow all the records in the database to list. To filter for a particular status click on the down arrow and select the status you want and the status against those records will list.
