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.