Accounts

Loans and borrowing note out of balance after upgrade of FRS 102 in Accounts Production Advanced

From version 15 of the FRS 102 template, you can show
Hire purchase contracts
 and
Finance lease liabilities
  separately in the
Loans and borrowings
 note.
Since then, we've created new categories. If you get a warning on the loans and borrowing note you might need to take the following steps to assign the codes to the appropriate sub-category.
  1. Open the client.
  2. Select
    Import/Account Assignment
    , then
    Account Assignment (Master) Maintenance
    .
  3. In the Account assignment window, expand the
    Balance
    ,
    Liabilities
    ,
    Non-current liabilities
    ,
    Loans and borrowing
    , and
    HP and finance lease liabilities
     categories.
  4. Drag and drop codes
    890.00
     to
    899.00
     from
    HP and finance lease liabilities
     into the
    Hire purchase contracts
     and
    Finance lease liabilities
     sub-folders, as appropriate for your client.
  5. Select
    Apply
    .
  6. Expand the
    Balance
    ,
    Liabilities
    ,
    Current liabilities
    ,
    Loans and borrowing
     and
    HP and finance lease liabilities
     categories.
  7. Drag and drop codes
    840.00
    ,
    841.00
     and
    842.00
     from
    HP and finance lease liabilities
     to the
    Hire purchase contracts
     and
    Finance lease liabilities sub-folders
    , as appropriate for your client.
  8. Select
    OK
    .
  9. Select
    Refresh
    .
    note
    You can select the
    Reports
     tab and run the report as needed without the warning appearing on the loans and borrowings note.
    If HP purchase contracts and Finance lease liability values have been posted to the same codes, then you'll need to re-post the values in the current period and also the comparative period within the current year
    Journals
     tab.

This article applies to:

  • PRODUCT: Digita Accounts Production Advanced
  • Subject: Documents,Reports