Common Questions
Is the data confidential?
YES – the only information that can be used to
identify the client is your own firm’s reference
that you choose to allocate. There are no names, addresses
or postcodes that can be used to identify a client.
What will the data be used for?
For statistical purposes only to generate comparisons
against similar trades and businesses.
I cannot do a comparison – why not?
There needs to be five or more statistics for businesses
in any one category before you are able to produce a
report.
Why do I need to “adjust”
figures for limited companies?
This software is unique in that it enables true comparisons
to be made with sole traders and partnerships. For a
limited company it is necessary to adjust the net profit
to ignore expenses that would not be incurred by unincorporated
businesses. Therefore directors remuneration of the
proprietor directors, together with Employers National
Insurance and Company Pension Contributions needs to
be “added back”.
As an example assume there are two companies with totally
different policies with regard to extraction of funds.
| |
Company
A |
Company
B |
| Gross
Profit |
100,000 |
100,000 |
| “Normal”
Expenses |
-50,000 |
-50,000 |
| Directors
Salaries and Ers NI |
|
-45,000 |
| Net
Profit |
50,000 |
5,000 |
Both companies have made 50,000 profit but the results
per accounts would not show that. Therefore adjusting
for proprietors salaries and NI would then have both
companies showing the same profit, and this would be
comparable to a sole trader/partnership.
I get "Page not found
/ Access denied"
when loading...?
This page loads up if a non existing page is loaded
or the page requires you to login before accessing it
(which is usually the case). In some cases this page
loads up if an internal error occures, if you think
this is happening then send a support ticket with a
detail description of what you are doing and our support
team will help you.
Why does my import always
fail?
There are many checks the system does when uploading
data for importing. The most common error is:
- The CSV file column headings did
not match the allowed format.
This is occures if the CSV file
that you are trying to upload is in the incorrect
format. To resolve this problem, compare the file's
column headings with the template provided and ensure
it is the same.
The confirmation page will give a detailed list of
all the problems the CSV will contain. If you require
help importing your data then send us a support ticket.
|
