Retiring/retirement of partners

In the Partners reconciliation, you can specify when a partner retires. As for corporates, this will then remove the partner for the purposes of other reconciliations (such as Partner capital and current accounts, etc) and the financial accounts. This follows the corporate accounts approach but we note that this is not currently followed strictly and consistently internally, with some offices keeping the partner and their capital/current account balances until these are repaid. For Silverfin, we are taking a strict approach in that all current and capital balance owing to a retired partner should be classified as  a creditor (using the "Amounts owed to connected persons < 1yr" nominal code). If this creates any issues, please contact support.