How to bring forward opening balance for cash and cash equivalent.
Article ID
how-to-bring-forward-opening-balance-for-cash-and-cash-equivalent
Article Name
How to bring forward opening balance for cash and cash equivalent.
Created Date
8th July 2022
Product
IRIS Accounts Production
Problem
How to bring forward opening balance for cash and cash equivalent
Resolution
Posting – Post file maintenance – entries – click on current year post file and change – change the accounting standard to UK GAAP (this needs to be done for all three post files).
Then go into the data screen – small companies – FRSSE – untick box to disclose FRSSE and save. Then transition back to FRS and this will bring forward the opening position.
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