Turnover

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 | Turnover

There are four choices for the turnover accounting 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 will be generated worded as follows:

Turnover represents net invoiced sales of goods, excluding value added tax.

If no postings have been made to cost of sales the word 'goods' will be replaced with 'services'.

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 turnover accounting policy will be produced.

This policy will only be generated if postings have been made to accounts

• 1 to 10 (sub-accounts) if using the ELTD chart
• 2 to 51 if using the IRIS chart

Quick Guide

Click here to see information about generating a table within the notes.

Click Expressions in Data Screens to see information about generating Expressions to incorporate variable data into notes.

Reports

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

IRIS will return to the Turnover Policy screen when you exit the report option.

To view the notes only enter NOT in the Report/Document field.