How do I adopt the micro entities FRS 105 regime within Accounts Production?

Article ID

ias-12229

Article Name

Created Date

3rd February 2016

Product

IRIS Accounts Production

Problem

How do I adopt the micro entities FRS 105 regime within IRIS Accounts Production?

Resolution

The FRS 105 regime has now been included within Accounts Production since April 2016. When creating a post file, select Posting | New | set the ‘Accounting Standard’ as FRS 105 Alternatively if an existing post file needs amending, select Posting | Post File Maintenance | Entries | Change | and change the ‘Accounting Standard’ to FRS 105. Please note, FRS 105 is only mandatory for micro- entity companies with years beginning on or after 01/01/2016, with the option to early adopt. A step by step guide on ‘ How to create a set of FRS 105 Accounts’ guide is available in the IRIS Help Centre

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