What’s New in Online Client Accounting - Q1 2026

It’s been a busy start to 2026, and with April already here, the team has been focused on delivering improvements across Client Accounting. Over the past quarter, we’ve made updates to streamline reconciliation, improve visibility, and reduce manual work.

 

You can find full details on our What’s New page but below is a quick summary of the key updates from the past quarter.

 

Chart of accounts improvements (AU)

We’ve introduced 10 new accounts to the Chart of Accounts to improve consistency and usability, helping ensure smoother workflows and more reliable reporting.

 

New Notes to Provisions in Financial Statements

A new Provisions note helps distinguish current and non‑current provisions.  The note displays automatically based on account balances and period comparisons.

 

Income tax payable/refundable template – trusts

Trusts now have access to an Income tax payable or refundable template, including a section to record tax paid by trustees on behalf of beneficiaries.

 

New workpapers

 

• Inventories workpaper
  Track, reconcile, and review detailed inventory balances and adjustments
• Inventories Summary workpaper
  Consolidate inventory types and linked accounts from multiple inventory workpapers into one clear summary
• Travel expenses workpaper
  Reconcile travel expenses and identify non‑deductible components
• Entertainment expenses workpaper
  Reconcile entertainment expenses and identify non‑deductible components

 

External document links to workpapers

You can now link to external documents (for example, SharePoint or Google Drive) directly from workpapers, no need to upload files into Client Accounting.

 

Income statement updates (trusts)

• Losses carried forward from prior years are now included
• Amounts from the Income Allocation workpaper only flow to the Income Statement when the workpaper is starred

 

Tax adjustments to beneficiary distributions

You can now enter tax adjustments in the Income tax expense workpaper:

 

• If taxable income no longer matches Net profit/(loss) before tax and distributions, beneficiary distributions are adjusted proportionally
• Manual adjustments can be entered using the other field
• Income tax expense will no longer source amounts from Income Allocation if the template hasn’t been created