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How do I clear my Exception Report in respect of Cash Flow Statement differences

Article ID
ias-5922
Article Name
How do I clear my Exception Report in respect of Cash Flow Statement differences
Created Date
7th April 2008
Product
IRIS Accounts Production
Problem
How do I clear my Exception Report in respect of Cash Flow Statement differences?
Resolution
When an Annual Report is run for the first time, if it is to include a Cash Flow Statement, in most instances an Exception Report will be produced. The Exception Report may state that differences are found between the Trial Balance and Data screens in respect of the following: Other Debtors Prepayments Other Creditors Accruals These differences will occur as it is required that the balances of each be entered within the data screens but at this point in time no figures have been entered or they do not match the amounts posted in the trial balance. Simply print and read the Exception Report and enter the appropriate figures into Edit | Data Screens | Cash Flow Statement | Analysis of Debtors/Creditors accordingly (each screen has 2 columns, make sure the correct figures on the exception report is transposed into the correct column in the data screens). Note: It is advised that in most cases simply enter the total shown on the exception report into the ‘Cash flow headings – Operating activities’ field within each screen/column mentioned above.

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