This release introduces several usability improvements and compliance enhancements across Bright Accounts Production, helping practices save time, improve consistency, and prepare for upcoming reporting changes.
Practice Compliance Database Template Defaults
Practices can now designate existing clients as template defaults for compliance database settings. When creating a new business, compliance settings are automatically copied from the selected template based on jurisdiction and entity type, removing the need for repetitive manual setup.
For more details, click here
Client & Accounts Browse – Enhanced Sorting
A new Sort by dropdown has been added to the Client & Accounts browse screen, allowing users to sort the list by any available column, including name, code, entity type, country, and year end. Sorting works seamlessly alongside filters and is retained for the session.
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UK Charity SORP – Tier 1 Natural Classification SOFA (Phase 2)
For Tier 1 charities with accounting periods commencing on or after 1 January 2026, a new Statement of Financial Activities (SOFA) using a natural classification basis is now available. This supports simplified Tier 1 reporting in line with updated SORP requirements.
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Co-operative and Community Benefit Society Accounts – Phase 2 Updates
Additional Phase 2 enhancements have been introduced for societies preparing accounts under the Co-operative and Community Benefit Society Act 2014, including updated terminology, reporting options, and an Independent Reporting Accountant’s Report.
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FRS 102 Lease Accounting – New Model Support
Support has been added for the updated FRS 102 lease accounting model, applicable to accounting periods beginning on or after 1 January 2026 (early adoption permitted). This includes recognition of right-of-use assets and lease liabilities on the balance sheet, along with automated disclosures.
For more details, click here