Sole trader and partnership accounts

Preparing them

1. Start from the figures

   Import a trial balance, or use "Prepare accounts from the books" on the Reports tab.

2. Map and build

   Map the trial balance and build the accounts, as for a company.

3. Add the people

   Add the proprietor or partners. For a partnership enter each partner's profit share, salary, interest on capital, capital and current account brought forward, capital introduced and drawings.

4. Approve

   Press "Approve the accounts". Download the accounts from the preview.

Onto the tax return

The SA100 fills in self-employment pages "From the year-end accounts", and the SA800 fills in "From the year-end accounts".