Unincorporated first year process

In working on an unincorporated in Silverfin for the first time, the process is fairly similar to that for corporates as covered in the initial training. We set out below a summary noting the main differences:

1. Client set up - As per companies using this guide, but be careful with the client name as there is (obviously) no check with Companies House on this.
2. Create Sync or import data - no change to companies
3. Mapping - slightly more complex if there are a number of partners and nominal codes - ensure you are consistently allocating Partner 1, 2, etc.
4. Work in previous year to create correct comparisons. Firstly complete the Permanent Information and Partners for the background detail. Then complete other schedules as appropriate for the client - this could include, for instance, setting up the fixed asset register and prepayments/accruals. For partnerships, ensure that the movements on the current and capital accounts are correctly showing (this may include reversing any year end clear down journal posted by client - see here for details). 
5. Roll forward the client into the period you are working on (Add New Period), making sure you selected the right period to create and the right period to carry data from, and you do select "Copy shareholder, director and general period data" box at the bottom of the screen - this carries forward partner and sole trade data as well (we are asking Silverfin to rename this). You may want to simply carry forward everything.
6. Work through the workflows as you would normally, using the notes here for guidance on unincorporated and specifically capital and current accounts.
7. Create financial statements using the Export, Choose a bundle, Accounts - Partnership/Sole Trader or Income and Expenditure as appropriate.