Accounting policies are the specific principles and procedures used to prepare your financial statements. They're entered on the Policies tab of the client accounts and always appear as the first numbered note in the accounts.
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Go to Clients > Client list and find the required client.
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On the Accounts widget on the client dashboard, select the required accounts.
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Select the Policies tab. Any existing policies or paragraphs are listed. Select the Title to edit an existing policy.
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Select Add a new policy or paragraph.
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On the Add policy list, select the policy you want to add. Any policies that have already been added will be crossed through.
For tagged XBRL accounts you must choose the correct type of policy to ensure that the policy details are tagged correctly. Only policies applicable to the business type or shown.
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Add a Title for the policy and a Note that describes the policy's purpose. Both of these fields are mandatory.
Most policies are simple text paragraphs. A small number required additional information to be completed (such as Tangible Fixed assets and depreciation).
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The Position field indicates where the policy will appear in the accounting policies list. By default new policies are added to the end of the list.
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Select Save changes to add the new policy to the accounts. Select Delete on an existing policy to delete it.
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