Firm Sole Trade (Landlord) template updates
Version 2.3
Chart of Accounts
- New004.00 Reversal of lease premiumaccount
- New376.50 Amortisation of reverse premiumaccount
Account assignments
- Balance Category Structure:
- Account004.00 Reversal of lease premiumis assigned to categoryP01 1 Turnover
- Account376.50 Amortisation of reverse premiumis assigned to categoryP05 5 1 Depreciation
- Rental Properties Category Structure:
- Account004.00 Reversal of lease premiumis assigned to categoryLP Lease premiums
- Account376.50 Amortisation of reverse premiumis assigned to categoryRP Reverse premiums
Version 2.2
Report
- A Landscape report element is added to the 5 Year Summary report and is turned on when there are more than 3 financial periods.
- An Out of Balance warning is added to the Balance Sheet. It shows red text when the balance sheet is out of balance by any amount.
- The Prior period Net Book Value row is corrected to show only when there's a value.
Disclosure
- The Net profit % calculation is corrected in the Ratios disclosure.
- The Amortisation and Depreciation accounting policies are updated to correctly display standard text based on postings to amortisation or depreciation categories in both the P&L and Balance Sheet.