Replacing a Profit and loss account with Income expenditure account

Article ID: ias-8085
Article Name: Replacing a Profit and loss account with Income expenditure account
Created Date: 12th August 2009
Product: IRIS Accounts Production
Problem: How do I Replace a Trading and Profit loss account into an income and expenditure account for Limited Companies
Resolution: If a Profit and Loss Account is to be Replaced with a Income and Expenditure Account the following aliases will need to be set: Select: Edit | Report Aliases To Replace the Statutory Profit and Loss account: Enter the following: Standard Specific PL1 = IEA To Replace the Trading Profit and Loss account: Enter the following: Standard Specific TPL = IEA Select: Reports | Annual | OK Enter LTD in the Report/Document box and click [OK] to run the report. If problems persist please contact IRIS Support.

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