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How Do I Enter Directors' Benefits in Kind?

Article ID
ias-1673
Article Name
How Do I Enter Directors' Benefits in Kind?
Created Date
26th August 2004
Product
IRIS Accounts Production
Problem
How Do I Enter Directors' Benefits in Kind?
Resolution
This is a Non-Contributing Trial Balance entry (This means the entry does not require a double entry – One sided entry.) The amounts posted to this account will affect the Directors’ Remuneration amounts for the relevant Director. The Postings need to be made to Account 499. An option will appear when posting to this Account asking which Director the Benefit in Kind is for.

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