Firm Sole Trade (Landlord) template updates

Version 2.3

Chart of Accounts
  • New
    004.00 Reversal of lease premium
    account
  • New
    376.50 Amortisation of reverse premium
    account
Account assignments
  • Balance Category Structure:
    • Account
      004.00 Reversal of lease premium
      is assigned to category
      P01 1 Turnover
    • Account
      376.50 Amortisation of reverse premium
      is assigned to category
      P05 5 1 Depreciation
  • Rental Properties Category Structure:
    • Account
      004.00 Reversal of lease premium
      is assigned to category
      LP Lease premiums
    • Account
      376.50 Amortisation of reverse premium
      is assigned to category
      RP 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.