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Branches (Multiple Trading Profit and Loss Accounts) - Enhanced Charts

Article ID
ias-1664
Article Name
Branches (Multiple Trading Profit and Loss Accounts) - Enhanced Charts
Created Date
24th August 2004
Product
IRIS Accounts Production
Problem
Branches (Multiple Trading Profit and Loss Accounts) - Enhanced Charts only. This facility allows for the production of more than one Trading Profit and Loss Account within one business. The facility is available to Sole traders, Partnerships, LLP's and Limited Companies using the Enhanced charts.
Resolution
To create Branches, select Edit | Branches. Click New and enter the details of the branch. The branch name will appear within the heading of the individual branches Trading and Profit and Loss Account and on the contents page. The branch details can be amended and deleted as necessary. The postings can now be made. Follow the usual posting routine but select the branch ID for each posting. Once the postings have been made you can specify the type of report to be generated by selecting, For a Soletrader/Partnership – Edit | Data Screens | Branches – Full Sets For a LLP/Limited Company – Edit | Data Screens | Non – Statutory Profit and Loss Account | Branches – Full Sets. This screen allows the user to specify whether a Trading Profit and Loss Account will be generated for each trade or branch or one showing overall totals only. A third option can be selected producing a Trading profit and loss account for each sub account in the range and then overall totals. Finally select, Reports | Annual from the menu bar to run the reports as usual. The standard reports LTD, PSA or TPL etc are still used. Please Note: To produce Multiple trading and profit and loss accounts when using the Standard IRIS charts a different method is used and the ‘Branches’ option will not be available under Edit, contact IRIS Support for more informaiton.

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