Create or Integrate a Sole Trade for use in Personal Tax

Stage 1: create the records in Practice Management

Create the Person client record first.
Create the 'Sole trade' record
note
You can create the Sole trade as a Contact record or a Client record. It depends on:
who you consider to be the client/billable entity: the person and/or their business
how you need to sort and filter records in Practice Management
if you use the tracker functionality.
Select the ellipsis button, then the Person from the list who will be the Proprietor.
note
This will link the two records together
Enter the
Trading Start Date.

Stage 2: share the Sole Trade with Personal Tax

Open Personal, Business and Trust Tax.
Share the client if it's not already shared.
note
If you don't know how to share a client, follow the steps in our help topic: Share a Personal Tax client with Practice Management.
Open the Person record in Personal, Business and Trust Tax.
Select
Edit
, then
Schedule Editor
.
Double-click the Sole Trade.
Select
New
.
Choose whether you want to set up the Sole Trader as a Business Tax Business or as a Sole Trade.
note
If you're not certain which entity type to choose, find out more in our help topic: Differences between Business Tax Business and Sole Trade in Personal Tax topic.
Select the Sole Trade.

Stage 3: set up the Sole Trade in Accounts Production

If you have Accounts Production Advanced:
Open Accounts Production Advanced
Select
File
, then
New
.
Select the Sole Trade template you require.
note
This will bring up a list of the 'Sole Trade' contacts you have in Practice Management.
Select the appropriate entity, then select
OK
.
Enter the first accounting period dates and an Entity code.
If you have Accounts Production (version 5.9):
Open Accounts Production.
Select
File
, then
New
.
Select the Sole Trade template your require.
Select the appropriate entity, then select
OK
.