Query
A Company has paid the Annual Review fee, why is the Annual Review Deadline alert is still on?
Solution
The Annual review deadline alert does not clear automatically. Clearing the Annual review deadline alert is a manual process.
Important
For those using Digital Signing, you can set the Annual review deadline alert to clear automatically.
Before sending the annual review documents via the Document Production screen, ensure that Mark Annual Review as Completed once all documents have been signed? has been toggled on under Electronic Signing Options.
For more information, see Digital Signing in CAS 360.
Annual reviews require the Annual Review fee to be paid and the Annual Review documents (specifically the Solvency Resolution) to be signed. In regards to these tasks in processing annual reviews, the alerts can be used to help manage this.
- The Annual Review document alert - This is a way for the firm to track that the annual return has been signed and returned to the firm. This feature has to be toggled on when preparing the annual review.
- The Company Debt Alert - This is used to manage the payment of Annual Review Fee. This is completely automated.
Users have the choice as to how best utilise the Annual Review document alert for their practice which is why this remains a manual process to clearing the Annual review deadline alert. Users can choose to clear the annual review deadline alert either:
1. When the Annual review documents have been signed and returned.
2. When the Annual Review fee has been paid; or
3. When the Annual review documents have been signed and returned and the Annual Review fee has been paid
For more information on using the Alert, see Annual Review Deadline Alert