Edit business structures

Step 5: Set up clients

Business structures are essential when using Tax in Practice Manager to lodge or file tax returns. You can create specific business structures to assist in the management of your client base, for example sole trader and partnership, company and trust.

Key Learning Points

  • Business structures are used to differentiate clients. You can customise them or add your own.
  • Business structures are important when using Tax in Practice Manager:
    • To determine the type of tax return you can file for a client.
    • To determine the type of tax relationships you can assign to a client.
  • Clients in Practice Manager, require you to enter a client name, unless it is assigned a business structure of type “Individual”. Then you can enter additional information, such as first, middle and last name, and date of birth.

Tips & Tricks

  • Even if you are not going to use Tax in Practice Manager, consider assigning business structures to your clients, especially the “Individual” type, so you can enter first and last names for individual clients.

What should I do now?

  • Review the default business structures.
  • Add business structures of your own, if required.
  • Proceed to the next tutorial: Create custom fields.

Useful Links