Replacing a Profit and loss account with Income expenditure account
Article ID
ias-8085
Article Name
Replacing a Profit and loss account with Income expenditure account
Created Date
12th August 2009
Product
IRIS Accounts Production
Problem
How do I Replace a Trading and Profit loss account into an income and expenditure account for Limited Companies
Resolution
If a Profit and Loss Account is to be Replaced with a Income and Expenditure Account the following aliases will need to be set:
Select:
Edit | Report Aliases
To Replace the Statutory Profit and Loss account:
Enter the following:
Standard Specific
PL1 = IEA
To Replace the Trading Profit and Loss account:
Enter the following:
Standard Specific
TPL = IEA
Select:
Reports | Annual | OK
Enter LTD in the Report/Document box and click [OK] to run the report.
If problems persist please contact IRIS Support.
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