Initialisation Templates

Templates provide a fast, reliable way to set up a business with a clear category tree, meaningful totals, and ready-to-use cash codes.

They are optional, but they provide a strong starting point.

What templates are

Templates provide a pre-configured starting point for a UK business node:

• category tree
• rollups and totals
• cash codes
• related defaults

You can still customize the system afterwards.

How templates help

A template installs:

• a clear category structure
• meaningful totals such as turnover and gross profit
• cash codes mapped into the correct areas
• VAT settings that match the chosen configuration
• corporation tax settings where relevant

Template options

Minimal Micro Company Accounts [YEAR]

Best for:

• very small companies
• simple operations
• side businesses
• dormant companies

What you get:

• a minimal profit and loss layout
• simple sales and cost structure
• corporation tax support
• VAT support where applicable

Standard Micro Company Accounts [YEAR]

Best for:

• small businesses that want more reporting detail

What you get:

• more detailed sales and direct cost categories
• fuller administration structure
• depreciation categories
• corporation tax support
• VAT support where applicable

Sole Trader Accounts [YEAR]

Best for:

• freelancers
• contractors
• self-employed users
• sole-trader businesses

What you get:

• a simple income and expense layout
• drawings and capital introduced
• no corporation tax structure
• optional VAT structure
• a structure aligned to sole-trader reporting

VAT-aware behavior

Each template adapts automatically to the VAT registered setting.

If VAT registered:

• VAT categories and VAT cash codes remain available

If not VAT registered:

• VAT categories are hidden
• VAT control codes are disabled
• default tax behavior becomes zero-rated

Sole Trader vs Micro Entity

The system supports both business types using the same core data approach.

• sole traders do not use corporation tax
• companies do use corporation tax

Abridged vs Full Accounts

The same underlying data can support:

• internal management reporting
• micro-entity accounts
• abridged accounts
• fuller reporting outputs

Templates provide the starting structure. Reporting layers are applied on top.