This release introduces several enhancements across BrightAccountsProduction to improve compliance, reporting accuracy, and template support.

New functionality includes deferred tax nominal codes for UK Credit Unions, additional professional body support for UK Charity templates, new proforma accounts for LLPs in Northern Ireland, and updates supporting the revised FRS 102 lease accounting model for charities.

These updates strengthen regulatory compliance while improving automation and transparency within financial reporting workflows.

Deferred Tax Nominal Codes – UK Credit Unions

BrightAccountsProduction now includes a comprehensive set of Deferred Tax nominal codes specifically designed for UK Credit Unions.

These new codes improve the categorisation and tracking of deferred tax movements, including charges, utilisation, releases, and reserve adjustments.

Postings to these codes automatically populate Provision and Taxation notes within the year-end accounts, improving reporting accuracy and reducing manual adjustments.

These changes also introduce a standardised chart of accounts structure for deferred tax reporting within Credit Union templates.

For more details, click Here

Professional Body Support – UK Charity Template

The Charity UK template now supports an additional professional body within the Compliance Database – Auditor/Examiners section.

Users can now select:

• The Association of Accounting Technicians (AAT)

When selected, the professional body will automatically appear within the Accountant’s Report or Independent Examiner’s Report, depending on the engagement type.

To ensure correct application, this option is only available when the Entity Type is Charity and the jurisdiction is UK or Northern Ireland.

This update improves compliance with Charity Commission reporting requirements while reducing manual editing of statutory reports.

For more details, click Here

New Proforma Accounts – LLP Templates (Northern Ireland)

BrightAccountsProduction now includes additional proforma account formats for LLP entities in Northern Ireland.

These new templates support multiple reporting formats, including:

• Full Audited Accounts

• Full Audited Group Accounts

• Full Un-audited Accounts

• Abridged Audited Accounts

• Abridged Un-audited Accounts

• Filleted Full Accounts

• Filleted Abridged Accounts

These templates comply with:

The Companies, Partnerships and Group Accounts Regulations 2016 (LLP) and support reporting under:

• FRS 102

• FRS 102 Section 1A

• FRS 105

This enhancement expands LLP reporting coverage and ensures compliance with Northern Ireland legislation.

For more details, click Here

FRS 102 Lease Accounting Updates – Charity Templates

BrightAccountsProduction now supports the creditor presentation changes arising from the revised FRS 102 lease accounting model, effective for accounting periods beginning 1 January 2026.

Under the updated model:

• Most leases must now be recognised on the balance sheet

• Entities recognise both a Right-of-Use asset and a Lease liability

Lease liabilities are presented within creditor disclosures as:

• Amounts falling due within one year

• Amounts falling due after more than one year

This change moves many lease commitments previously disclosed off-balance-sheet into recognised liabilities, improving transparency and financial reporting clarity.

The system now supports the required statutory disclosures and creditor classifications for Charity UK templates.

For more details, click Here