Account list for the chart EMED: Partnership and sole trader chart for Doctors 18/09/2006
**Suspense account** ...................................................................................................... 3
Income and Expenditure Accounts................................................................................. 3
Group 1 INCOME : accounts 1 to 160 ........................................................................................3
Group 2 GMS/PMS INCOME (GMS income) : accounts 1 to 101.............................................3
Group 3 MPIG : accounts 1 to 22................................................................................................................................3
Group 5 PCO administered funds : accounts 34 to 44...............................................................................................4
Group 7 Directed enhanced services : accounts 50 to 55.........................................................................................4
Group 8 Other enhanced services : accounts 60 to 75..............................................................................................4
Group 11 Quality : accounts 78 to 88.........................................................................................................................5
Group 12 Premises : accounts 93 to 98.....................................................................................................................5
Group 13 I M & T (Information management & technology): accounts 99 to 101 ......................................................5
Group 22 Premises reimbursements: accounts 105 to 110........................................................................................5
Group 23 Ancillary staff reimbursements: accounts 115 to 116..................................................................................5
Group 24 Other reimbursements: accounts 121 to 131..............................................................................................6
Group 31 APPOINTMENTS: accounts 135 to 138........................................................................6
Group 32 OTHER FEES: accounts 144 to 148..............................................................................6
Group 33 OTHER INCOME: accounts 154 to 160.........................................................................6
Group 41 AREA WIDE COMMISSIONING: accounts 166 to 177.................................................7
Group 42 Area wide allowances: accounts 166 to 167...............................................................................................7
Group 43 Area wide expenditure: accounts 170 to 177..............................................................................................7
Group 51 INVESTMENT INCOME: accounts 183 to 185..............................................................7
Group 61 DISPENSARY: accounts 191 to 204 .............................................................................7
Group 62 Dispensary income: accounts 191 to 194 ...................................................................................................7
Group 63 Opening stock: account 197........................................................................................................................7
Group 64 Dispensary costs: accounts 200 to 201.......................................................................................................8
Group 65 Closing stock: account 204.........................................................................................................................8
Group 71 Practice expenses: accounts 210 to 225.....................................................................................................8
Group 72 Premises expenses: accounts 231 to 241...................................................................................................8
Group 73 Staff expenses: accounts 247 to 254..........................................................................................................9
Group 181 Administrative expenses : accounts 260 to 294.......................................................................................9
Group 241 Finance costs : accounts 378 to 387......................................................................................................10
Group 263 Depreciation : accounts 389 to 390........................................................................................................10
Group 264 Profit/loss on sale of assets : accounts 391 to 393................................................................................11
Group 265 Impairment losses : accounts 394 to 395...............................................................................................11
Group 281 AMOUNTS WRITTEN OFF INVESTMENTS : accounts 406 to 407 ........................12
Group 291 INTEREST PAYABLE AND SIMILAR CHARGES : accounts 413 to 435...............12
Group 294 HP and finance lease charges : accounts 426 to 430............................................................................13
Group 295 Other finance costs : accounts 431 to 435.............................................................................................13
Group 399 PARTNERS' APPROPRIATIONS : accounts 470 to 472 ........................................14
Group 400 PRE GMS/PMS INCOME: account 499 ...................................................................16
Group 401 NHS fees: sub accounts 1 to 70............................................................................................................16
Group 402 Allowances: sub accounts 1 to 15.........................................................................................................16
Group 403 Capitation fees: sub accounts 16 to 25.................................................................................................16
Group 404 Targets: sub accounts 26 to 30.............................................................................................................16
Group 405 Sessional payments: sub accounts 31 to 45.........................................................................................17
Group 406 Items of service fees: sub accounts 46 to 60........................................................................................17
Group 406 Other NHS income: sub accounts 61 to 70...........................................................................................17
Group 407 Reimbursements: sub accounts 71 to 73..............................................................................................17
Group 408 Fundholding: sub accounts 74 to 89 .....................................................................................................18
Group 1 INCOME : accounts 1 to 160
Page 1 of 33
Account list for the chart EMED: Partnership and sole trader chart for Doctors 18/09/2006
Balance Sheet Accounts................................................................................................ 19
Group 411 FIXED ASSETS : accounts 502 to 563.....................................................................19
Group 421 Intangible fixed assets : accounts 502 to 505 ........................................................................................19
Group 430 Tangible fixed assets : accounts 512 to 526..........................................................................................20
Group 460 Fixed asset investments : accounts 556 to 558 .....................................................................................21
Group 475 Investment property : account 563.........................................................................................................21
Group 491 Stocks : accounts 568 to 577.................................................................................................................22
Group 500 Debtors : accounts 586 to 649...............................................................................................................22
Group 551 Current asset investments : accounts 659 to 663..................................................................................23
Group 561 Cash in hand : accounts 668 to 672.......................................................................................................23
Group 571 Bank deposit accounts : accounts 673 to 682........................................................................................24
Group 581 Prepayments and accrued income : accounts 687 to 691......................................................................24
Group 590 ITEMS SHOWN AS ASSETS OR LIABILITIES AS APPROPRIATE : account 692 to
735..................................................................................................................................................24
Group 591 Bank accounts : accounts 692 to 711 ....................................................................................................24
Group 648 VAT : account 735..................................................................................................................................25
Group 649 Current liabilities : accounts 736 to 789 .................................................................................................25
Group 731 Loans : accounts 869 to 880..................................................................................................................27
Group 741 HIRE PURCHASE AND FINANCE LEASE CONTRACTS : accounts 909 to 920 ..27
Group 742 Hire purchase : accounts 909 to 914 .....................................................................................................27
Group 752 Finance leases : accounts 915 to 920....................................................................................................28
Group 761 PROVISION FOR LIABILITIES : accounts 942 to 946 ............................................28
Group 811 RESERVES : accounts 970 to 973...........................................................................29
Group 820 CAPITAL AND CURRENT ACCOUNTS : accounts 975 to 985 ..............................30
Group 821 Capital accounts : accounts 975 to 978 .................................................................................................30
Group 822 Current accounts : account 985.............................................................................................................31
Group 823 Taxation provision accounts : account 987............................................................................................32
Group 849 PARTNERS' MONTHLY DRAWINGS: account 997 .................................................32
Group 850 FIXED SHARE OF PROFITS: account 998 ..............................................................33
Group 1 INCOME : accounts 1 to 160
Page 2 of 33
Account list for the chart EMED: Partnership and sole trader chart for Doctors 18/09/2006
**Suspense account**
Account 0 is treated as a balance sheet account. Any balance will be included within current assets or liabilities as
appropriate.
|
0 ** Suspense account ** |
Original MED# chart code |
Self Assessment Mapping |
Income and Expenditure Accounts
Group 1 INCOME : accounts 1 to 160
Group 2 GMS/PMS INCOME (GMS income) : accounts 1 to 101
Use account 1 for GMS income under the new contract and use accounts 2 to 4 for PMS income. The description of
group 2 can be amended to show the correct heading for the type of contract.
D01
All income accounts (account 1 to 101) are totalled and shown as a single figure for the income and expenditure account
as follows:
GMS Income (Group 2 extended description) xxxxx
A detailed breakdown of each sub group (ie groups 3 to 13) is shown within the notes.
Descriptions
The extended description of group 2 is used within the Income and Expenditure Account. It is also used within the notes
as follows:
GMS income (group 2 extended description)
MPIG (group 3 description) xxx
PCO administered funds (group 5 description) xxx
Directed enhanced services (group 7 description) xxx
Other enhanced services (group 8 description) xxx
Quality (group 11 description) xxx
Premises (group 12 description) xxx
Information management and technology (group 13 description) xxx
___
xxx
===
Further notes follow for each of the groups 3, 5, 7, 8, 11, 12 and 13 listing each of the items of income
individually. The group descriptions translated into capitals are used for the note headings.
|
Group 3 MPIG : accounts 1 to 22 1 Global sum |
Original MED# chart code |
Self Assessment Mapping |
|
Group 4 Opt outs : accounts 5 to 13 |
||
|
5 Cervical screening services |
Original MED# chart code |
Self Assessment Mapping |
Group 1 INCOME : accounts 1 to 160
Page 3 of 33
Account list for the chart EMED: Partnership and sole trader chart for Doctors 18/09/2006
|
12 Out of hours services |
3.29 Income |
|
20 Temporary residents |
3.29 Income |
|
Group 5 PCO administered funds : accounts 34 to 44 Original MED# chart code 34 Designated area allowance outside the DDRB mechanism |
Self Assessment Mapping 3.29 Income |
|
Group 7 Directed enhanced services : accounts 50 to 55 Original MED# chart code 50 Improved access scheme |
Self Assessment Mapping |
Group 8 Other enhanced services : accounts 60 to 75
The note giving a detailed breakdown of Other enhanced services is broken down into 2 sections, National enhanced
services and Local enhanced services.
Descriptions
The description of group 8 is used within the Income note and as a heading in the notes to the financial statements. The
sub headings within the note use the descriptions from groups 9 and 10.
|
Group 9 National enhanced services : accounts 60 to 72 Original MED# chart code 60 Alcohol misuse service |
Self Assessment Mapping |
Group 2 GMS/PMS INCOME (GMS income) : accounts 1 to 101 Page 4 of 33
Account list for the chart EMED: Partnership and sole trader chart for Doctors 18/09/2006
|
Group 10 Local enhanced services : account 75 Original MED# chart code 75/1-30 No description |
Self Assessment Mapping |
|
|
Group 11 Quality : accounts 78 to 88 78 Coronary heart disease |
Original MED# chart code |
Self Assessment Mapping |
|
Group 12 Premises : accounts 93 to 98 93 Rent payments |
Original MED# chart code |
Self Assessment Mapping |
Group 13 I M & T (Information management & technology): accounts 99 to 101
Original MED# chart code Self Assessment Mapping
99 Computer costs 3.29 Income
99/1 Purchases 3.29 Income
99/2 Leasing 3.29 Income
99/3 Upgrading 3.29 Income
99/4 Maintenance 3.29 Income
99/5 Training 3.29 Income
100 Initial staff costs 3.29 Income
101/1-10 No description 3.29 Income
Group 21 REIMBURSEMENTS : accounts 105 to 131
Group 22 Premises reimbursements: accounts 105 to 110
A total for the group is shown on the face of the Income and Expenditure Account within Income and each item is listed
individually in the notes within sub headings of Premises, Ancillary staff and Other.
Descriptions
The description of group 21 is used in the Income and Expenditure Account and as a heading in the notes to the
financial statements. The sub headings within the note use the extended descriptions from groups 22, 23 and 24.
|
105 Cost rent |
Original MED# chart code |
Self Assessment Mapping |
|
Group 23 Ancillary staff reimbursements: accounts 115 to 116 Original MED# chart code 115 Training 90 116/1-10 No description 91-96 |
Self Assessment Mapping |
|
Group 21 REIMBURSEMENTS : accounts 105 to 131
Page 5 of 33
Account list for the chart EMED: Partnership and sole trader chart for Doctors 18/09/2006
|
Group 24 Other reimbursements: accounts 121 to 131 Original MED# chart code 121 Trainees' salaries 97 122 Trainees' car allowance 98 123 Trainees' professional subscriptions 99 124 Courses and conferences 100 125 Computer maintenance 101 126 Drugs 102 127 Locums 103 128 Sick leave allowance 104 129 Maternity leave allowance 105 130 Doctor's retainer scheme 106 131/1-15 No description 107-111 |
Self Assessment Mapping |
Group 31 APPOINTMENTS: accounts 135 to 138
A total for the group is shown on the face of the Income and Expenditure Account within Income and each item is listed
individually in the notes.
Descriptions
The description of group 31 is used in the Income and Expenditure Account and as a heading in the notes to the
financial statements.
|
135 Police fees |
Original MED# chart code |
Self Assessment Mapping |
Group 32 OTHER FEES: accounts 144 to 148
A total for the group is shown on the face of the Income and Expenditure Account within Income and each item is listed
individually in the notes.
Descriptions
The description of group 32 is used in the Income and Expenditure Account and as a heading in the notes to the
financial statements.
|
144 Private patients |
Original MED# chart code |
Self Assessment Mapping |
Group 33 OTHER INCOME: accounts 154 to 160
A total for the group is shown on the face of the Income and Expenditure Account within Income and each item is listed
individually in the notes.
Descriptions
The description of group 33 is used in the Income and Expenditure Account and as a heading in the notes to the
financial statements.
|
154 Rent receivable |
Original MED# chart code |
Self Assessment Mapping |
|
155 Supply of prescribing data |
143 |
Group 31 APPOINTMENTS: accounts 135 to 138
Page 6 of 33
Account list for the chart EMED: Partnership and sole trader chart for Doctors 18/09/2006
Group 41 AREA WIDE COMMISSIONING: accounts 166 to 177
Descriptions
The description of group 41 is used as a heading in the notes to the financial statements.
Group 42 Area wide allowances: accounts 166 to 167
Descriptions
The description of group 42 is used in the Income and Expenditure Account and as a subheading within the Area wide
commissioning trading account.
|
Original MED# chart code 166 Allowance received for revenue expenditure 158 167/1-5 No description 159 |
Self Assessment Mapping |
Group 43 Area wide expenditure: accounts 170 to 177
Descriptions
The description of group 43 is used in the Income and Expenditure Account and as a subheading within the Area wide
commissioning trading account.
|
170 Salaries |
Original MED# chart code |
Self Assessment Mapping |
Group 51 INVESTMENT INCOME: accounts 183 to 185
Descriptions
The description of group 51 is used as a heading in the Income and Expenditure Account with each item listed
individually beneath. This appears after the Expenditure section.
|
183 Bank interest receivable |
Original MED# chart |
Self Assessment Mapping 3.50 Other income 3.71 Deductions from Net profit |
|
184 Building society interest |
196 |
Group 61 DISPENSARY: accounts 191 to 204
Descriptions
The description of group 61 is used as a heading in the notes to the financial statements.
Group 62 Dispensary income: accounts 191 to 194
Descriptions
The description of group 62 is used in the Income and Expenditure Account and as a subheading within the dispensary
trading account.
|
191 Refunds |
Original MED# chart code |
Self Assessment Mapping |
|
Group 63 Opening stock: account 197 197 Opening stock |
Original MED# chart code |
Self Assessment Mapping |
Group 41 AREA WIDE COMMISSIONING: accounts 166 to 177 Page 7 of 33
Account list for the chart EMED: Partnership and sole trader chart for Doctors 18/09/2006
Group 64 Dispensary costs: accounts 200 to 201
Descriptions
The description of group 64 is used in the Income and Expenditure Account and as a subheading within the dispensary
trading account.
|
200 Purchases |
Original MED# chart code |
Self Assessment Mapping |
|
Group 65 Closing stock: account 204 204 Closing stock |
Original MED# chart code |
Self Assessment Mapping |
Group 70 EXPENDITURE : accounts 210 to 387
Descriptions
The description of group 70 is used in the Income and Expenditure Account and as a heading in the notes to the
financial statements.
Group 71 Practice expenses: accounts 210 to 225
A total for the group is shown on the face of the Income and Expenditure Account within Expenditure and each item is
listed individually in the notes.
Descriptions
The description of group 71 is used in the Income and Expenditure Account and as a sub heading in the notes to the
financial statements.
|
210 Drugs and instruments |
Original MED# chart |
Self Assessment Mapping 3.46 Cost of sales |
Group 72 Premises expenses: accounts 231 to 241
A total for the group is shown on the face of the Income and Expenditure Account within Expenditure and each item is
listed individually in the notes.
Descriptions
The description of group 72 is used in the Income and Expenditure Account and as a sub heading in the notes to the
financial statements.
|
231 Rent |
Original MED# chart code |
Self Assessment Mapping |
|
|
Page 8 of 33 |
Group 70 EXPENDITURE : accounts 210 to 387 |
||
Account list for the chart EMED: Partnership and sole trader chart for Doctors 18/09/2006
|
240 Waiting room expenses 254 241/1-15 No description 255-264 |
3.52 Premises costs |
Group 73 Staff expenses: accounts 247 to 254
A total for the group is shown on the face of the Income and Expenditure Account within Expenditure and each item is
listed individually in the notes.
Descriptions
The description of group 73 is used in the Income and Expenditure Account and as a sub heading in the notes to the
financial statements.
|
247 Ancillary staff salaries |
Original MED# chart code |
Self Assessment Mapping |
Group 181 Administrative expenses : accounts 260 to 294
Descriptions
The descriptions of accounts 260 to 294 are used in the expenses note under the heading “Administrative expenses”,
the description from group 181.
Sub account 1-10 within account 291 can be used if more than 28 Other administrative expense accounts are required.
These sub accounts will be displayed separately where appropriate on the notes.
|
260 Hire of plant and machinery |
Original MED# chart code 285 287 292 288 |
Self Assessment Mapping |
Group 70 EXPENDITURE : accounts 210 to 387
Page 9 of 33
Account list for the chart EMED: Partnership and sole trader chart for Doctors 18/09/2006
Group 241 Finance costs : accounts 378 to 387
A total for the group is shown on the face of the Income and Expenditure Account within Expenditure and each item is
listed individually in the notes.
Descriptions
The description of group 241 is used in the Income and Expenditure Account and as a sub heading in the notes to the
financial statements.
|
378 Bank charges |
Original MED# chart code |
Self Assessment Mapping |
||||
|
Group 263 Depreciation : accounts 389 to 390 |
||||||
|
Depreciation for each asset should be posted to the relevant sub accounts within this group and NOT the main account. Description The descriptions of accounts 389 to 390 are used on the notes under the heading “Expenditure”. If you change a description within this group then the corresponding descriptions of assets in other groups will need to Business Tax These accounts will be added back to the operating profit/loss to arrive at the Schedule D Case I profit/loss. |
|
|||||
|
389 Amortisation of intangible fixed assets |
Original MED# chart code |
Self Assessment Mapping 3.44 – Deprec. Disallowed 3.44 – Deprec. Disallowed 3.44 – Deprec. Disallowed 3.44 – Deprec. Disallowed |
||||
|
389 / 1 Goodwill |
323 |
|
||||
|
389 / 2 Patents and licences 389 / 3 Development costs 389 / 4 Computer software 390 Depreciation of tangible fixed assets |
324 |
|
||||
|
390 / 1 Freehold property |
315 |
|
||||
|
390 / 2 Short leasehold |
316 |
|
||||
|
390 / 3 Long leasehold |
317 |
|
||||
|
390 / 11 Improvements to property |
318 |
|
||||
|
390 / 12 Plant and machinery |
319 |
|
||||
|
390 / 13 Fixtures and fittings |
320 |
|
||||
|
390 / 14 Motor vehicles |
321 |
|
||||
|
390 / 15 Computer equipment |
322 |
|
||||
|
390 / 35 Investment property |
|
|
|
|||
|
Page 10 of 33 |
Group 70 EXPENDITURE : accounts 210 to 387 |
|||||
Account list for the chart EMED: Partnership and sole trader chart for Doctors 18/09/2006
Group 264 Profit/loss on sale of assets : accounts 391 to 393
Profit/loss on sale of each asset should be posted to the relevant sub accounts within this group and NOT the main
account.
Description
The extended descriptions of accounts in this group are used in the notes, under the heading of “profit/ (loss) on sale of
assets”
Group 264 description is used as the heading on the income and expenditure account.
If you change a description within this group then the corresponding descriptions of assets in other groups will need to
be changed as well.
Business Tax
These accounts will be added back to the operating profit/loss to arrive at the Schedule D Case I profit/loss.
|
Original MED# chart code 391 Profit/loss on sale of intangible fixed assets |
Self Assessment Mapping 3.44 – Deprec. Disallowed 3.44 – Deprec. Disallowed 3.44 – Deprec. Disallowed 3.44 – Deprec. Disallowed 3.44 – Deprec. Disallowed |
|
|
391 / 1 Goodwill |
333 |
|
|
391 / 2 Patents and licences |
334 |
|
|
391 / 3 Development costs 391 / 4 Computer software 392 Profit/loss on sale of tangible fixed assets |
||
|
392 / 1 Freehold property |
325 |
|
|
392 / 2 Short leasehold |
326 |
|
|
392 / 3 Long leasehold |
327 |
|
|
392 / 11 Improvements to property |
328 |
|
|
392 / 12 Plant and machinery |
329 |
|
|
392 / 13 Fixtures and fittings |
330 |
|
|
392 / 14 Motor vehicles |
331 |
|
|
392 / 15 Computer equipment |
332 |
|
|
392 / 35 Investment property 393 Profit/loss on sale of fixed asset investments 393 / 1 – 5 No description |
||
Group 265 Impairment losses : accounts 394 to 395
Impairment losses for each asset should be posted to the relevant sub accounts within this group and NOT the main
account.
Description
Group 265 description is used as the heading on the Income and expenditure account and the extended description of
accounts in this group are used in the notes.
If you change a description within this group then the corresponding descriptions of assets in other groups will need to
be changed as well.
Business Tax
These accounts will be added back to the operating profit/loss to arrive at the Schedule D Case I profit/loss.
Group 70 EXPENDITURE : accounts 210 to 387
Page 11 of 33
Account list for the chart EMED: Partnership and sole trader chart for Doctors 18/09/2006
|
Original MED# chart 394 Impairment losses for intangible fixed assets 394 / 1 Goodwill 394 / 2 Patents and licences 394 / 3 Development costs 394 / 4 Computer software 395 Impairment losses for tangible fixed assets 395 / 1 Freehold property 395 / 2 Short leasehold 395 / 3 Long leasehold 395 / 11 Improvements to property 395 / 12 Plant and machinery 395 / 13 Fixtures and fittings 395 / 14 Motor vehicles 395 / 15 Computer equipment 395 / 35 Investment property |
Self Assessment Mapping 3.62 – Depreciation etc |
Group 281 AMOUNTS WRITTEN OFF INVESTMENTS : accounts 406 to 407
Descriptions
The description of group 281 is used under the heading of expenditure on the Income and expenditure account. The
descriptions of accounts 406 and 407 are used notes to the financial statements.
Business Tax
These accounts will be added back to the operating profit/loss to arrive at the Schedule D Case I profit/loss.
|
406 Amounts written off investments |
Original MED# chart code |
Self Assessment Mapping |
|
407 No description |
||
Group 291 INTEREST PAYABLE AND SIMILAR CHARGES : accounts 413 to 435
Descriptions
The descriptions of accounts 413 to 436 are used in the Expenditure note, under the sub heading Interest payable and
similar charges, using the description from group 291.
|
413 Bank interest |
Original MED# chart code 307 305 |
Self Assessment Mapping |
|
Group 281 AMOUNTS WRITTEN OFF INVESTMENTS : accounts 406 to 407 Page 12 of 33 |
||
Account list for the chart EMED: Partnership and sole trader chart for Doctors 18/09/2006
|
422 No description |
311 |
3.60 – Interest |
Group 294 HP and finance lease charges : accounts 426 to 430
Original MED# chart code Self Assessment Mapping
426 Hire purchase 3.61 – Other finance charg.
427 Leasing costs 308 3.61 – Other finance charg.
428 No description 3.61 – Other finance charg.
429 No description 3.61 – Other finance charg.
430 No description 3.61 – Other finance charg.
|
Group 295 Other finance costs : accounts 431 to 435 Original MED# chart code 431 No description |
Self Assessment Mapping |
Group 291 INTEREST PAYABLE AND SIMILAR CHARGES : accounts 413 to 435
Page 13 of 33
Account list for the chart EMED: Partnership and sole trader chart for Doctors 18/09/2006
Group 399 PARTNERS' APPROPRIATIONS : accounts 470 to 472
The accounts in this group should be used when a first share of profit is required such as PGEA or Seniority. They are
also used for personal expenses and private income.
Descriptions
The sub account descriptions of 470 are used within the Distribution of net income schedule.
Partners' prior shares
Debits should be posted to sub accounts 1-30 of account 470 and the credit to account 998.
Post to the relevant account and then either select the partner the posting relates to when asked or type * then the
partners order number e.g. 470/2*1 for partner number 1.
Private income / personal expenses
Account 470/98 must be used solely for private income and 470/99 solely for personal expenses.
Post private income here as a debit. The credit entry should be posted to sub accounts in account 471.
Post personal expenses here as a credit. The debit entry should be posted to sub accounts in account 472.
The detail of the income and expenditure is posted within accounts 471 and 472 so totals only are required within
accounts 470/98 and 470/99.
If private income / personal expenses exist but are not required within the actual accounts they may be omitted
by ticking the relevant option in the data screens.
All mention of private income / personal expenses will be removed from the accounts but amounts posted to
this group will still be taken into account within the Business tax module.
The income and expenditure account shows amounts in this group after the net profit has been struck as follows:
PARTNERS' NET PRACTICE AND DISPENSARY INCOME xxxxx
=====
Appropriated as follows:
|
A Smith: |
(account 470/2 description) xxxxx (account 470/3 description) xxxxx (account 470/98 description) xxxxx (account 470/99 description) (xxxxx) xxxxx -------- xxxxx |
|
||
|
B Smith: Seniority (account 470/2 description) xxxxx PGEA (account 470/3 description) xxxxx Private income (account 470/98 description) xxxxx Personal expenses (account 470/99 description) (xxxxx) Share of profit xxxxx -------- |
xxxxx |
|
||
|
470 Partners prior shares 470/2 Seniority 470/3 PGEA 470/4 No description 470/5 No description |
Original MED# chart code 335,341,347,353,359,365, |
Self Assessment Mapping |
||
|
Group 399 PARTNERS' APPROPRIATIONS : accounts 470 to 472 |
||||
Account list for the chart EMED: Partnership and sole trader chart for Doctors 18/09/2006
|
470/6 No description 470/99 Personal expenses |
339,345,351,357,363,369, |
|
|
471 Private income |
421/1-12 |
3.29 Income |
|
472 Personal expenses |
431/1-12 |
3.55 Motor expenses |
|
Group 399 PARTNERS' APPROPRIATIONS : accounts 470 to 472 |
||
Account list for the chart EMED: Partnership and sole trader chart for Doctors 18/09/2006
|
472/18 No description |
448/1-12 |
3.54 General Admin |
Group 400 PRE GMS/PMS INCOME: account 499
Use account 499 for Old contract income. The description of group 400 can be amended to show the correct heading for
the type of contract.
D01
All sub accounts (1 to 89) are totalled and shown as a single figure for the income and expenditure account as follows:
Pre GMS income (Group 400 extended description) xxxxx
This description is also used within the notes where there is a detailed breakdown of each sub group and sub account.
Group 401 NHS fees: sub accounts 1 to 70
|
Group 402 Allowances: sub accounts 1 to 15 Original MED# chart code 499/1 Practice allowances 2 499/2 Seniority awards 3 499/3 Night visits 4 499/4 Post graduate education allowances 5 499/5 Rural practice payments 6 499/6 Trainee supervision grant 7 499/7 No description 8 499/8 No description 9 499/9 No description 10 49910 No description 11 499/11 No description 12 499/12 No description 13 499/13 No description 14 499/14 No description 15 499/15 No description 16 |
Self Assessment Mapping |
|||
|
Group 403 Capitation fees: sub accounts 16 to 25 |
||||
|
499/16 Patients – under 65 |
Original MED# chart code |
Self Assessment Mapping |
||
|
Group 404 Targets: sub accounts 26 to 30 |
||||
|
499/26 Cervical cytology |
Original MED# chart code |
Self Assessment Mapping |
||
|
Page 16 of 33 |
Group 400 PRE GMS/PMS INCOME: account 499 |
|||
Account list for the chart EMED: Partnership and sole trader chart for Doctors 18/09/2006
|
499/29 No description 30 499/30 No description 31 |
3.29 Income |
|||
|
Group 405 Sessional payments: sub accounts 31 to 45 |
||||
|
499/31 Health promotion clinics |
Original MED# chart code |
Self Assessment Mapping |
||
|
Group 406 Items of service fees: sub accounts 46 to 60 |
||||
|
499/46 Night visits |
Original MED# chart code |
Self Assessment Mapping |
||
|
Group 406 Other NHS income: sub accounts 61 to 70 |
||||
|
499/61 Dispensing fees |
Original MED# chart code |
Self Assessment Mapping |
||
|
Group 407 Reimbursements: sub accounts 71 to 73 |
||||
|
499/71 Salaries |
Original MED# chart code |
Self Assessment Mapping |
||
|
Page 17 of 33 |
Group 400 PRE GMS/PMS INCOME: account 499 |
|||
Account list for the chart EMED: Partnership and sole trader chart for Doctors 18/09/2006
Group 408 Fundholding: sub accounts 74 to 89
|
499/74 Allowance received for capital assets |
Original MED# chart code |
Self Assessment Mapping |
Group 400 PRE GMS/PMS INCOME: account 499
Page 18 of 33
Account list for the chart EMED: Partnership and sole trader chart for Doctors 18/09/2006
Balance Sheet Accounts
Group 411 FIXED ASSETS : accounts 502 to 563
Descriptions
The balance sheets D03 and D13 work as follows:
If DOC has been run, the balance sheet has been run with note numbers or a tick has been entered on the client data
screen "Balance sheet" under Presentation options then the assets are added together and shown under the general
headings of Intangible assets, Tangible assets, Investments and Investment property.
FIXED ASSETS
Intangible assets (Group 422 description) xxxxx
Tangible assets (Group 432 description) xxxxx
Investments (Group 462 description) xxxxx
Investment property (Group 475 description) xxxxx
The leased and owned assets are added together when any reports are run.
Group 421 Intangible fixed assets : accounts 502 to 505
Group 422 Intangible assets
For each account within intangible assets the following sub accounts should be used. Do not post to the main account
only as this will not be picked up on the fixed asset table.
|
/ 1 Cost/valuation brought forward |
/ 21 Amortisation brought forward |
Intangible fixed asset note
A table will be produced with a column for each intangible asset. Postings made to each sub account will generate a
line within each column with totals for 'Cost' and 'Amortisation' giving 'Net Book Value'.
Descriptions
Group 421 description is used within the Notes to the financial statements.
Intangible fixed asset table
The extended account descriptions within group 421 are used as the columns headings.
The description used for the movement type e.g. additions, disposals will be taken from the sub account attached to the
first intangible fixed asset. I.e. Account 502 - Goodwill.
Please note
The brought forward and charge for the year descriptions cannot be changed.
|
502 Goodwill |
Original MED# chart code |
Self Assessment Mapping |
Group 411 FIXED ASSETS : accounts 502 to 563
Page 19 of 33
Account list for the chart EMED: Partnership and sole trader chart for Doctors 18/09/2006
Group 430 Tangible fixed assets : accounts 512 to 526
Group 432 Tangible assets
For each account within tangible assets the following sub accounts should be used. Do not post to the main account
only as this will not be picked up on the fixed asset table.
Owned Assets
|
/ 1 Cost/valuation b/f |
/ 21 Depreciation b/f |
|
Assets held under Hire purchase contracts or Finance leases |
|
|
/ 51 HP/FL cost/valuation b/f |
/ 71 HP/FL depreciation b/f |
Accounting Policies
A Tangible asset accounting policy can be generated within the report DOC, if postings have been made to any sub
account within accounts 512 to 526 there must also be a tick in the client data screen Standard Accounting Policies -
Selection.
Tangible fixed asset note
A table will be produced with a column for each tangible asset. Postings made to each sub account will generate a line
within each column with totals for 'Cost' and 'Depreciation' giving 'Net Book Value'.
Descriptions
Group 430 description is used as the Tangible fixed asset note heading within the Notes to the financial statements.
Tangible fixed asset table
The extended account descriptions within group 430 are used as the columns headings.
The description used for the movement type e.g. additions, disposals will be taken from the owned sub account attached
to the first tangible fixed asset. I.e. Account 512 – Freehold property.
Please note
The brought forward and charge for the year descriptions cannot be changed.
|
512 Freehold property |
Original MED# chart code |
Self Assessment Mapping |
Group 411 FIXED ASSETS : accounts 502 to 563
Page 20 of 33
Account list for the chart EMED: Partnership and sole trader chart for Doctors 18/09/2006
Group 460 Fixed asset investments : accounts 556 to 558
Group 462 Investments : account 556 to 558
For each account shown within fixed asset investments the following sub accounts should be used. Do NOT post to the
main account only as this will not be picked up on the fixed asset investment table.
The exception to this is accounts 558 – see later notes.
Investments
(accounts 556, 557)
|
/ 1 Cost/valuation b/f / 5 Revaluations |
/ 21 Provision b/f |
Descriptions
Group 460 description is used as the note heading.
Fixed asset investment table
The extended account descriptions within group 460 are used as the columns headings.
|
556 Listed investments |
Original MED# chart |
Self Assessment Mapping 3.100 – Other Fixed Asset |
Fixed asset investment note
Sub accounts within account 558 will be listed individually under the wording 'Investments (neither listed nor unlisted)
were as follows'. This is expected to cover items such as paintings held as investments.
|
558 Other |
Original MED# chart 596 |
Self Assessment Mapping 3.100 – Other Fixed Asset |
Group 475 Investment property : account 563
For each account within tangible assets the following sub accounts should be used. Do not post to the main account
only as this will not be picked up on the fixed asset table.
Owned Assets
|
/ 1 Cost/valuation b/f |
/ 21 Depreciation b/f |
Group 411 FIXED ASSETS : accounts 502 to 563
Page 21 of 33
Account list for the chart EMED: Partnership and sole trader chart for Doctors 18/09/2006
Assets held under Finance leases
|
/ 51 HP/FL cost/valuation b/f |
/ 71 HP/FL depreciation b/f |
All accounts within group 475 will be added together and disclosed as 'Investment property' on the statutory balance
sheet (BL2).
Accounting Policies
An investment property accounting policy will be generated if postings have been made to any sub account within
accounts 563 there must also be a tick in the client data screen Standard Accounting Policies - Selection.
Descriptions
Group 475 description is used as the Investment property note heading within the Notes to the financial statements.
The description used for the movement type e.g. additions, disposals will be taken from the sub account attached to 563.
Please note
The brought forward and charge for the year descriptions cannot be changed.
563 Investment property
Group 481 CURRENT ASSETS : accounts 568 to 691
The balance sheet will list all these balances individually within a heading of Current assets unless stated otherwise
below
|
Group 491 Stocks : accounts 568 to 577 568 Stock |
Original MED# chat |
Self Assessment Mapping 3.101 – Stock & WIP |
Group 500 Debtors : accounts 586 to 649
Group 501 Debtors: amounts falling due within one year : accounts 586 to 616
Original MED# chart Self Assessment Mapping
code
586 Trade debtors 610 3.102 – Debtors / prepay
587 No description 3.102 – Debtors / prepay
588 No description 3.102 – Debtors / prepay
Page 22 of 33
Account list for the chart EMED: Partnership and sole trader chart for Doctors 18/09/2006
|
589 No description |
611 |
3.102 – Debtors / prepay |
|
Group 515 Prepayments and accrued income : accounts 612 to 616 Original MED# chart 612 Prepayments and accrued income 612 613 Accruals 613 614 Prepayments 614 615 No description |
Self Assessment Mapping 3.102 – Debtors / prepay |
|
Group 521 Debtors: amounts falling due after one year : accounts 625 to 649
Original MED# chart Self Assessment Mapping
code
625 Trade debtors 3.102 – Debtors / prepay
626 No description 624 3.102 – Debtors / prepay
627 No description 625 3.102 – Debtors / prepay
631 No description 626 3.102 – Debtors / prepay
632 No description 627 3.102 – Debtors / prepay
633 No description 628 3.102 – Debtors / prepay
634 No description 629 3.102 – Debtors / prepay
635 No description 3.102 – Debtors / prepay
|
Group 535 Prepayments and accrued income : accounts 647 to 649 Original MED# chart 647 Prepayments and accrued income |
Self Assessment Mapping 3.102 – Debtors / prepay |
|
|
Group 551 Current asset investments : accounts 659 to 663 |
||
|
Group 552 Investments : account 659 to 663 660 No description |
Original MED# chart 630 |
Self Assessment Mapping 3.102 – Debtors / prepay |
|
Group 561 Cash in hand : accounts 668 to 672 Original MED# chart 668 Cash in hand 640 669 No description 641 670 No description 642 671 No description 643 672/1-2 No description 644-645 |
Self Assessment Mapping 3.104 – Cash in hand |
|
Group 481 CURRENT ASSETS : accounts 568 to 691
Page 23 of 33
Account list for the chart EMED: Partnership and sole trader chart for Doctors 18/09/2006
|
Group 571 Bank deposit accounts : accounts 673 to 682 Original MED# chart 673 Bank deposit account 633 674 No description 634 675 No description 635 676 No description 636 677 No description 637 678 No description 638 679 No description 639 680 No description |
Self Assessment Mapping 3.103 – Bank / build soc. |
|
|
Group 581 Prepayments and accrued income : accounts 687 to 691 |
||
|
These accounts are added together and shown on the face of the balance sheet as "Prepayments and accrued income". |
||
|
687 Prepayments and accrued income |
Original MED# chart 654 |
Self Assessment Mapping 3.102 – Debtors / prepay |
Group 590 ITEMS SHOWN AS ASSETS OR LIABILITIES AS APPROPRIATE : account 692 to 735
Items within this area will appear in either Current assets or Liabilities sections as appropriate.
Group 591 Bank accounts : accounts 692 to 711
If account 692 is the only bank account used and appears in both current assets and current liabilities then the amount
will be shown as "Bank account" under current assets for a debit balance and "Bank overdraft" under current liabilities
for a credit balance. Otherwise individual account balances are listed within current assets or current liabilities as
appropriate using the specific account description.
|
692 Bank account no. 1 |
Original MED# chart |
Self Assessment Mapping 3.103 - Bank balance 3.107- Loan 3.107- Loan |
|
693 Bank account no. 2 |
647 |
|
|
694 Bank account no. 3 |
648 |
|
|
695 Bank account no. 4 |
649 |
|
|
696 Bank account no. 5 |
650 |
|
|
697 Bank account no. 6 |
651 |
|
|
698 Bank account no. 7 |
652 |
|
|
699 Bank account no. 8 |
653 |
|
|
700 No description 701 No description 702 No description 703 No description |
||
Group 590 ITEMS SHOWN AS ASSETS OR LIABILITIES AS APPROPRIATE : account 692 to 735
Page 24 of 33
Account list for the chart EMED: Partnership and sole trader chart for Doctors 18/09/2006
|
704 No description 705 No description |
3.107- Loan |
|
706 No description 707 No description 708 No description 709 No description 710 No description 711 No description |
3.103 - Bank balance |
Group 648 VAT : account 735
Description
The description of group 648 is used on the Balance sheet.
|
735 VAT |
Original MED# chart |
Self Assessment Mapping 3.102 - Debtor |
Group 650 CREDITORS : accounts 736 to 829
Group 649 Current liabilities : accounts 736 to 789
Accounts in this group will be listed individually on the balance sheet under a heading of "Current liabilities" unless
stated otherwise below.
Group 651 Creditors: amounts falling due within one year : accounts 736 to 789
Description
The descriptions of accounts 736 to 789 are used individually in the balance sheet.
|
736 Payments on account |
Original MED# chart 656 667 |
Self Assessment Mapping 3.108 – Other liabilities |
|
|
Page 25 of 33 |
Group 650 CREDITORS : accounts 736 to 829 |
||
Account list for the chart EMED: Partnership and sole trader chart for Doctors 18/09/2006
|
774 No description |
677 |
3.108 – Other liabilities |
|
Group 664 Accruals and deferred income : accounts 785 to 789 Original MED# chart 785 Accruals and deferred income 787 No description |
Self Assessment Mapping 3.106 – Trade creditors |
|
Group 671 Creditors: amounts falling due after more than one year : accounts 792 to 829
The balance sheet includes these items within a heading of "Long term liabilities" in the "Employment of funds" section
of the balance sheet.
|
792 Payments on account |
Original MED# chart 687 |
Self Assessment Mapping 3.108 – Other liabilities 3.108 – Other liabilities |
|
808 Social security and other taxes |
689 692 |
|
|
Group 684 Accruals and deferred income : accounts 827 to 829 Original MED# chart 827 Accruals and deferred income |
Self Assessment Mapping 3.106 – Trade creditors |
|
Group 650 CREDITORS : accounts 736 to 829
Page 26 of 33
Account list for the chart EMED: Partnership and sole trader chart for Doctors 18/09/2006
Group 731 Loans : accounts 869 to 880
Descriptions
The descriptions are picked up from the individual accounts.
The loans less than one year accounts will appear within the current liabilities section of the balance sheet
The balance sheet includes the loans over one year within the heading of “Long term liabilities” in the “Employment of
funds” section of the balance sheet.
|
Group 732 Loans less than 1 year : accounts 869 to 874 Original MED# chart 869 Loans 870 No description 871 No description 872 No description 873 No description 874 No description |
Self Assessment Mapping 3.103 - Bank balance |
|
|
Group 733 Loans – over 1 year : accounts 875 to 880 Original MED# chart 875 Loans |
Self Assessment Mapping 3.103 - Bank balance 3.107- Loan |
|
|
876 Property mortgage |
686 |
|
|
877 No description 878 No description 879 No description 880 No description |
||
Group 741 HIRE PURCHASE AND FINANCE LEASE CONTRACTS : accounts 909 to 920
Postings should be split between the gross amount (Cr) (capital plus interest ) and the interest element (Dr).
If no split is required postings can be just to 909 and 910.
The total for less than 1 year shows as “Hire purchase” or “Finance leases” within current liabilities or greater than 1 year
within long term liabilities.
Group 742 Hire purchase : accounts 909 to 914
|
Group 743 Hire purchase - gross : accounts 909 to 911 Original MED# chart 909 HP - gross - less than 1 year 659, 717 910 HP - gross - 1-5 years 696 910/1 HP - gross - 1-2 years 718 910/2 HP - gross - 2-3 years 719 |
Self Assessment Mapping 3.108 – Other liabilities |
Group 741 HIRE PURCHASE AND FINANCE LEASE CONTRACTS : accounts 909 to 920
Page 27 of 33
Account list for the chart EMED: Partnership and sole trader chart for Doctors 18/09/2006
|
910 /3 HP - gross - 3-4 years |
720 |
3.108 – Other liabilities |
|
Group 745 Hire purchase - interest : accounts 912 to 914 Original MED# chart 912 HP - interest - less than 1 year 723 913 HP - interest - 1-5 years 724 914 HP - interest - > 5 years |
Self Assessment Mapping 3.108 – Other liabilities |
|
|
Group 752 Finance leases : accounts 915 to 920 |
||
|
Group 753 Finance leases - gross : accounts 915 to 917 Original MED# chart 915 Fin leases gross less than1 year 725 916 Fin leases gross 1-5 years 916/2 Fin leases gross 2 -3 years 727 916/3 Fin leases gross 3 -4 years 728 916/4 Fin leases gross 4 -5 years 729 917 Fin leases gross > 5 years 730 |
Self Assessment Mapping 3.108 – Other liabilities |
|
|
Group 755 Finance leases - interest : accounts 918 to 920 Original MED# chart 918 Fin leases interest less than 1 year 731 919 Fin leases interest 1-5 years 732 920 Fin leases interest > 5 years |
Self Assessment Mapping 3.108 – Other liabilities |
|
Group 761 PROVISION FOR LIABILITIES : accounts 942 to 946
Original MED# chart Self Assessment Mapping
code
942 No description 709 3.108 – Other liabilities
943 No description 710 3.108 – Other liabilities
944 No description 711 3.108 – Other liabilities
945 No description 712 3.108 – Other liabilities
946 No description 713, 714, 715, 716,708 3.108 – Other liabilities
Group 761 PROVISION FOR LIABILITIES : accounts 942 to 946 Page 28 of 33
Account list for the chart EMED: Partnership and sole trader chart for Doctors 18/09/2006
Group 811 RESERVES : accounts 970 to 973
A total figure for reserves will be shown on the balance sheet, if DOC is run a breakdown of each group will be shown in
a note. Alternatively if the note or schedule is not required remove the tick from the client data screen, Reserves, this will
produce a total for each reserve account, within the balance sheet. The note heading will be taken from the group
description.
For each account within the reserves accounts the following sub accounts should be used. Do not post to the main
account only as this will not be picked up in the reserves table.
|
/ 1 Brought forward |
Self Assessment Mapping |
Descriptions
Group 811 description is used as the note heading.
Account descriptions within group 811 are used on the balance sheet and as column headings within the note.
The descriptions of movements on the reserves table are used from the sub accounts within account 970.
|
970 Revaluation reserve |
Original MED# chart |
Self Assessment Mapping As above |
Group 811 RESERVES : accounts 970 to 973
Page 29 of 33
Account list for the chart EMED: Partnership and sole trader chart for Doctors 18/09/2006
Group 820 CAPITAL AND CURRENT ACCOUNTS : accounts 975 to 985
Group 821 Capital accounts : accounts 975 to 978
A total figure for capital accounts will be shown on the balance sheet, if DOC is run a breakdown of each group will be
shown in a note. Alternatively if the note or schedule is not required remove the tick from the client data screen, Capital
accounts, this will produce a summary of year-end balances for each capital account within the balance sheet. The note
heading will be taken from the group description.
In addition on the client data screen there is an option to alter the layout by showing either detailed information or a
summary of year-end balances for each capital account.
For each account within the capital accounts the following sub accounts should be used. Do not post to the main
account only as this will not be picked up in the capital account table. Account description changes should be made to
the main account and sub account that needs to be changed e.g. 975/2, 975/3 etc, this will then change for all partners.
Please note: Profit / Loss will be assigned to the current accounts (985) of each partner and brought forward into 985/1.
/ 1 Brought forward
|
Amounts introduced |
Amounts withdrawn |
|
/ 2 Capital introduced / Loan repaid/(advanced) (for |
/ 21 No description |
Amounts transferred to/from other capital/current accounts
/ 41 No description
/ 42 No description
/ 43 No description
/ 44 No description
/ 45 No description
/ 46 No description
/ 47 No description
/ 48 No description
/ 49 No description
/ 50 No description
|
975 Practice Capital accounts 976 Property capital accounts 976/2 Loan repaid / (advanced) 977 Fixed asset capital account |
|
Original MED# chart |
Self Assessment Mapping |
|
|
759-770 |
3.111 – Balance b/f |
|
|
|
891,894,897,900,903,90 |
3.111 – Balance b/f 3.113 – Capital introduced |
|
|
|
747-758 |
3.111 – Balance b/f |
|
|
Group 820 CAPITAL AND CURRENT ACCOUNTS : accounts 975 to 985 Page 30 of 33 |
|||
Account list for the chart EMED: Partnership and sole trader chart for Doctors 18/09/2006
|
978/1 Brought forward |
3.111 – Balance b/f |
Group 822 Current accounts : account 985
For each account within the current accounts the following sub accounts should be used. Do not post to the main
account only as this will not be picked up in the current account table.
Account description changes should be made to the main account and sub account that needs to be changed e.g.
985/2, 985/3 etc, this will then change for all partners.
If only account code 985 is used the balance sheet heading will change to “Capital Accounts”.
Please note: Profit / Loss will be assigned to the current accounts (985) of each partner and brought forward into 985/1.
/ 1 Brought forward
|
Amounts introduced |
Amounts withdrawn |
|
/ 2 Capital introduced |
/ 21 No description |
Amounts transferred to/from other capital/current accounts
/ 41 Transfer to property capital
/ 42 Transfer to fixed asset
/ 43 Transfer to capital account
/ 44 No description
/ 45 No description
/ 46 No description
/ 47 No description
/ 48 No description
/ 49 No description
/ 50 No description
|
985 Current accounts |
Original MED# chart |
Self Assessment Mapping |
|
771-881 |
3.111 – Balance b/f |
Group 820 CAPITAL AND CURRENT ACCOUNTS : accounts 975 to 985
Page 31 of 33
Account list for the chart EMED: Partnership and sole trader chart for Doctors 18/09/2006
Group 823 Taxation provision accounts : account 987
A total figure for the taxation provision account will be shown on the balance sheet, if DOC is run a breakdown will be
shown in a note. Alternatively if the note or schedule is not required remove the tick from the client data screen, Taxation
provision account, this will produce a summary of year-end balances on the balance sheet. The note heading will be
taken from the group description.
For each account within the taxation provision accounts the following sub accounts should be used. Do not post to the
main account only as this will not be picked up in the taxation provision table. Account description changes should be
made to the main account and sub account that needs to be changed e.g. 987/2, 987/3 etc, this will then change for all
partners.
/ 1 Brought forward
|
Amounts introduced |
Amounts withdrawn |
|
/ 2 Capital introduced |
/ 21 No description |
Amounts transferred to/from other capital/current accounts
/ 41 No description
/ 42 No description
/ 43 No description
/ 44 No description
/ 45 No description
/ 46 No description
/ 47 No description
/ 48 No description
/ 49 No description
/ 50 No description
|
987 Taxation provision accounts |
Original MED# chart |
Self Assessment Mapping |
|
735-746 |
3.111 – Balance b/f |
Group 849 PARTNERS' MONTHLY DRAWINGS: account 997
Account 997 is a memorandum account, therefore only single sided debit entries are necessary. The heading that
appears at the top of the page and within the contents page uses the description of account 997.
The postings should be made to the relevant partner (selected by either choosing the partner when given the option or
using *partners order number) for up to 18 periods, the descriptions of the sub accounts can be altered to apply
particular months or state quarters depending on the disclosure required.
|
997 Monthly drawings |
Original MED# chart |
Self Assessment Mapping |
|
Group 849 PARTNERS' MONTHLY DRAWINGS: account 997 |
||
Account list for the chart EMED: Partnership and sole trader chart for Doctors 18/09/2006
997/5 Month 5
997/6 Month 6
997/7 Month 7
997/8 Month 8
997/9 Month 9
997/10 Month 10
997/11 Month 11
997/12 Month 12
997/13 Month 13
997/14 Month 14
997/15 Month 15
997/16 Month 16
997/17 Month 17
997/18 Month 18
Group 850 FIXED SHARE OF PROFITS: account 998
Account 998 should be used as the double entry to account 470, sub accounts 1-30.
Post a Debit to account 470 then post the credit to group 850 (account 998). The postings should be made to the
relevant partner, selected by either choosing the partner when given the option or using *partners order number.
This will then be added to the share of profit shown in the 'Current account schedule'.
If there is a joint capital account then it is the first partner who will receive the fixed share.
|
998 Fixed share of profit |
Original MED# chart |
Self Assessment Mapping 3.114 – Drawings |
Group 850 FIXED SHARE OF PROFITS: account 998
Page 33 of 33