How do I adopt the micro entities FRS 105 regime within Accounts Production?
Article ID
ias-12229
Article Name
How do I adopt the micro entities FRS 105 regime within Accounts Production?
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
We are sorry you did not find this KB article helpful. Please use the box below to let us know how we can improve it.
