How to amend "Share Type" which has been "Fully Paid" in the Share Register

Article ID

ias-1829

Article Name

How to amend "Share Type" which has been "Fully Paid" in the Share Register

Created Date

15th December 2004

Product

IRIS Accounts Production

Problem

How to amend "Share Type" which has been "Fully Paid" in the Share Register so it shows correctly in the "Called up Share Capital Note".

Resolution

In the Share Register, when you create a NEW “Share Type” the “Fully Paid” option will automatically be ticked. NB: This box will be GREYED OUT, the User is UNABLE to change this on the screen. To CHANGE the “Fully Paid” Status, go into: Edit | Share Register- Select the “Transactions tab” and VIEW the relevant “Share Transaction”. Amending the “Total Paid” field, by either taking the value OUT if its NOT Fully Paid or putting the FULL value in if it has been Paid will ALTER the “Fully Paid” Status. NB: The Share Register is referencing the “Fully Paid” against the “Total Payable” box above.The “Total Payable” is dependent on the “Payable Per Share” and Number of Shares also on this screen. If Problems Persist Please contact IRIS Support.