Profit and Loss Account – General Options  

This client screen is used for Limited Companies.

It can be found in:

Edit | Data Screens | Profit and Loss Account | Options | General

and

Edit | Data Screens | Presentation Options | Profit and Loss Account

This screen refers to the statutory layout for UK GAAP - 3 Options are provided:

• An option to remove the default subtotals between "Operating profit" and "Profit before taxation" on the Profit and loss account. If selected all subtotals between these amounts will not have subtotal, except for accounts 400-404, Exceptional Items.
  
• An option to display separate sub-totals for 'Operating Profit' and 'Profit before taxation' rather than amalgamate, when no figures exist between the sub-totals. If selected the 'Operating Profit' and 'Profit before Taxation' will be displayed on separate lines on the Profit and Loss account.

Profit/Loss before taxation - tick the box for the operating profit/loss note number to be moved and referenced against profit/loss before taxation.

• This only applies where an operating profit/loss notes exists and where the heading profit/loss before taxation appears separately on the face of the profit and loss account.

Limited by guarantee - an option to refer to profit/ (loss) and profit and loss account. By default limited companies (limited by guarantee) will refer to surplus/ (deficit) and income and expenditure account.

Reports

Use this option to view or print any report without leaving this screen.

IRIS will return to the Profit and Loss Account Options screen when you exit the report option.

To view what you have entered in the Profit and Loss Account Options screen enter PL1 in the Report/Document field.