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Can I show just the Capital Account without a Current Account for a partnership?

Article ID
ias-1677
Article Name
Can I show just the Capital Account without a Current Account for a partnership?
Created Date
27th August 2004
Product
IRIS Accounts Production
Problem
I only wish to show a Capital Account without a Current Account on Partnership/Sole Trader Accounts?
Resolution
When posting on the EPST chart, make sure postings go to Account 985 Current Accounts and NOT Account 975 Capital Account. If IRIS sees postings to only the Current Account then it will make reference to the Capital account rather than the Current Account.

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