Where can I post Franchise Fees as an Intangible Fixed Asset on the ELTD chart?
Article ID
ias-2489
Article Name
Where can I post Franchise Fees as an Intangible Fixed Asset on the ELTD chart?
Created Date
20th January 2006
Product
IRIS Accounts Production
Problem
Where can I post Franchise Fees as an Intangible Fixed Asset on the Enhanced chart ?
Resolution
Use 503, 504, or 505 and then the relevant sub account e.g. 505/2 for additions.
The Description and Extended Description will need to be adjusted, this can be done by going into:
Edit | Account Descriptions OR
For Group Descriptions it will be under:
Edit | Group Descriptions.
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