Account analysis

Introduction

The Account Analysis option can be used to produce an additional report on the Corporation Tax Computation that displays detailed postings made in IRIS Accounts Production. The report also details any automatic or manual posting adjustments that have been made for the Corporation Tax computation by the Postings option in IRIS Business Tax or by the Business Tax Accounts option. A manual adjustment option allows details to be entered manually (details that have not come from IRIS Accounts Production automatically).

To access this screen select Edit | Account Analysis from the Business Tax main screen.

Accounts Production Postings

This option displays all Profit and Loss Accounts for the selected Limited Company that have relevant postings made to the account.

Select/Deselect Accounts

By selecting the check box next to the relevant account displayed on screen, IRIS Business Tax will produce a detailed journal of postings made in IRIS Accounts Production for the selected account(s) at the end of the Corporation Tax Computation report.

To add/remove the journal(s) from the computation, simply select the check box to include the selected account(s) in the computation, or deselect the check box to remove the select account(s) from the corporation tax computation report. By selecting or deselecting the first check box on the title bar, IRIS Business Tax will include/remove all the relevant accounts in the corporation tax computation.
   

Account

This column displays the IRIS Accounts Production account code that the relevant postings been made to. All Profit & Loss account codes (account code 1 to 499) that have postings against them are listed here.

Description

This column displays the IRIS Accounts Production posting descriptions. The corporation tax computation displays each account description as a separate title. Each journal posting made under this account description is shown with the narrative as entered in IRIS Accounts Production.

Amount

This column displays the total amount posted against the selected account from IRIS Accounts Production. Where several postings are made to that account, each amount is displayed separately on the Account Analysis report.

Disallowed

This column displays any amounts that have been adjusted for the corporation tax computation. This can include postings that have been automatically adjusted according to the Business Tax Accounts at either client level (Edit | Business Tax Accounts) or chart level (Setup | Business Tax Accounts), or manual adjustments made in the Edit Posting screen.

Manual Analysis

This option can be used to manually enter details for the Account Analysis report attached with the corporation tax computation.

Create/Delete Accounts

Select the New option to create an account description that appears as a title in the Account Analysis report. To delete an account, select the appropriate account that is to be deleted using the drop-down list, and select the Delete option to remove the account description and all manual postings made in that account.

Enter/Delete Manual Analysis Information

When the appropriate account has been selected above, details of the postings that will appear on the account analysis report can be entered below. Enter the narrative, amount and disallowed amount in the appropriate columns as they will appear in the corporation tax computation. When an entry is made in a row, a new row will be created where further details can be entered. To delete information in any of the rows, select the appropriate rows and select the Delete Selected Rows option.