We are happy to announce that in this update we have introduced:

• updates to our staff permissions management
• for Company Template for All Jurisdictions: Additional updates for the New Revenue Recognition & Lease Accounting Model for FRS 102
• for Company Template for All Jurisdictions: New Revenue Recognition Model for FRS105
• for Farmer Template for All Jurisdictions: New Proprietor's Responsibility Statement
• for Farmer Template for All Jurisdictions: New Adjusted Profit Computation
• for Charity Template for Ireland: Accountants Report changes to ISRS 4410 reference

Updates to Staff Permissions Management

Improved staff permissions functionality for better control and visibility across your practice. New features include default permissions for new staff, clearer distinction between Accounts Production (AP) and BrightBooks permissions, and the ability to handle non-bookkeeping and bookkeeping businesses separately. These enhancements help ensure consistency, reduce errors, and simplify user management.

Key Features:

• Default permissions for new staff based on role
• Clear distinction between Accounts Production (AP) and BrightBooks permissions
• Automatic updates applied to non-bookkeeping businesses
• Optional application of permissions to bookkeeping businesses
• “Indeterminate” state for easy visibility of varying permissions across businesses

How to Use:

1. Navigate to Staff → Staff Permissions
2. Select a staff member and review default permissions
3. Adjust permissions as needed and click Save
4. Choose whether to apply changes to bookkeeping businesses

For more details, click here 

Company Template (All Jurisdictions): Revenue Recognition & Lease Accounting Model for FRS 102 – Phase 2

Phase 2 of the FRS 102 Revenue & Lease Accounting module introduces the option to display Right-of-Use Assets separately on the Balance Sheet, along with supporting notes and automatic disclosure throughout your accounts. This aligns with FRC updates and provides more transparent reporting for leases.

Key Features:

• Option to display Right-of-Use Assets separately on the Balance Sheet
• Automatic supporting notes for leases
• All relevant disclosures automatically included throughout accounts

How to Use:

1. Navigate to Compliance Database → Accounting Options
2. Enable “Follow FRS 102 Revenue and Lease Accounting Standard for Accounting Periods Commencing on or After 1 January 2026”
3. Enable “Show Right-of-Use Assets separately on Balance Sheet”

For more details, click here

Company Template (All Jurisdictions): New Revenue Recognition Model for FRS 105

Implements the five-step revenue recognition model for FRS 105 for accounting periods commencing on or after 1 January 2026. The system automatically generates required revenue disclosures throughout your accounts, ensuring compliance with updated financial reporting standards.

Key Features:

• Implements five-step revenue recognition model for FRS 105
• Automatic revenue-related disclosures throughout accounts
• Ensures compliance for accounting periods from 1 January 2026

How to Use:

1. Navigate to Compliance Database → Accounting Options
2. Enable “Follow FRS 105 Revenue Recognition Standard for Accounting Periods Commencing on or After 1 January 2026”
3. Complete your accounts as normal; disclosures are automatically included

For more details, click here

Farmer Template (All Jurisdictions): Proprietor’s Responsibility Statement

Updated reporting to include the Proprietor’s Responsibility Statement, ensuring farmers’ accounts comply with regulatory and disclosure requirements across all jurisdictions.

Key Features:

• Updated statement for regulatory compliance in Farmer accounts
• Automatically included in Produce Accounts

How to Use:

1. Ensure account type is set as Farmer
2. Navigate to Compliance Database → Other Information → Proprietor’s Responsibility Statement
3. Enable checkbox to include statement in accounts

For more details, click here

Farmer Template (All Jurisdictions): Adjusted Profit Computation

Flexible options allow the Adjusted Profit Computation to be displayed either as a standalone section in Produce Accounts or within the Tax Export Schedule. This ensures clarity for stakeholders and aligns profit computations with tax filing requirements.

Key Features:

• Flexible display options: standalone section in Produce Accounts or within Tax Export Schedule
• Shows reconciliation between accounting profit and taxable profit

How to Use:

1. Navigate to Compliance Database → Other Information → Adjusted Profit Computation → Add Backs
2. Enable either or both checkboxes:
   • Show Adjusted Profit Computations under Produce Accounts
   • Show Adjusted Profit Computations under ROI Pay and File Income Tax

For more details, click here

Charity Template (Ireland): Accountant’s Report – ISRS 4410 Update

Charity Template (Ireland): Accountant's Report changes to ISRS 4410 reference
Updated Accountant’s Report wording for audit-exempt Irish charities, reflecting the new ISRS 4410 (Revised) standard. The system automatically selects the correct wording based on professional body (ICAI or CPA Ireland) and report date.

Key Features:

• Updated wording reflecting ISRS 4410 (Revised) for audit-exempt Irish charities
• Automatic selection based on professional body (ICAI or CPA Ireland) and report date

How to Use:

1. Confirm audit exempt status in Compliance Database → Client Details → Key Information
2. Select your professional body (ICAI or CPA Ireland)
3. Generate accounts; system applies correct wording automatically

For more details, click here