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This client screen is used for Limited Companies.
It can be found in:
Edit | Data Screens | Notes to Financial Statements | Accounting policies | Alternative Accounting Policies | Tangible Assets
There are four choices for the tangible fixed assets policy: use the standard; add to the standard; replace the standard or omit the policy.
If the field on the Selection of Accounting Policies screen is:
ticked and no entries made on this screen, the standard policy is generated worded as follows:
Depreciation is provided
at the following annual rates in order to write off each asset over its
estimated useful life.
If there are balances on the asset groups used for assets held under finance lease or hire purchase the following line is added to the standard note:
....or, if held under a finance lease, over the lease term, whichever is the shorter.
ticked and entries made on this screen. Text typed here will be used in the notes either added to or instead of the standard policy, depending on whether a tick is in the replace box.
left blank, no tangible fixed asset policy is produced.
This policy will only be generated if postings have been made to accounts
Click here to see information about generating a table within the notes.
Use this option to view or print any report without leaving this screen.
IRIS will return to the Tangible Fixed Asset policy screen when you exit the report option.
To view the notes only enter NOT in the Report/Document field.