Relate Accounts Production has been updated in line with the latest compliance and legislation for Ireland and the United Kingdom. To ensure you are on the latest build you can follow the below steps:
First, check which version you are using.
To do this click “Help” on the toolbar at the top of the RAP window and then select About from the dropdown menu.
You will then be presented with a popup containing 4 tabs. Within the General tab, you will see the Version and Build of RAP that you are using.
There are currently two builds of Relate Accounts Production.
If you have decided to early adopt the Companies (Accounting) Act 2017 you should be on Version 2.1 Build 16.
This build should also be used in all cases if producing accounts for companies incorporated in Northern Ireland or UK. If you need to update you can do so by downloading the build from this link below:
Click on the link and save the update file to your computer. Before running the update, please make sure that Relate Accounts Production is closed and everyone is logged out. We also advise that you back up the database before running the update. Once you are satisfied everyone is logged out, double click the update file, select run and then select Install.
Once the update has completed, the above window will close.
When you try to log back in to Relate Accounts Production, the system will advise you that you need to update the database.
Click update and allow the database update to run, this may take several minutes.
Once the update is complete, you will be prompted to log back in to the software.
The update should be run on each individual PC where Relate Accounts Production is installed.
You will not need to update the database each time; you only need to run the update file.
If you are on Version 2.0 Build 27 and are not early adopting the Companies Act (Accounting) Act 2017 or producing accounts for companies incorporated in Northern Ireland or UK you will not need to update.
The new legislation will usher in the most comprehensive overhaul of Irish company law in over 50 years and we will provide you with a detailed synopsis of the highlights and notable changes that are to be introduced.
ACIS, Corporate Law & Company Secretarial Practice
A concise guide to the practical measures that Accounting Firms need to take from a tax perspective in adhering to FRS102.This will link up and follow on smoothly from the earlier presentation on the Accounting implications of FRS 102 covered by previous speakers.
The Statement of Recommended Practice applies to Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and ROI (FRS 102) - effective date January 2015.