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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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