If you subscribe to IRIS Elements Accounts Production (any level), refer to Create accounts for a client.
You can create set of accounts for a sole trader, partnership, LLP or micro entity client.
- From the Clients menu, select Clients list.
- Change the client list view to either Active clients or a custom view that includes all relevant clients.
- Select the client Dashboard. On the Accounts widget , select Add new period.
If you haven't created any accounts for this client yet, select Add new on the widget.
- Select the Start of period and End of period dates, or enter in DD/MM/YYYY format.
If you have a previous set of accounts for the client, the Start of period is auto populated with the start date of the next period. The End of period is auto populated based on the start date entered, but can be overwritten
- For companies and partnerships, you can select the Type of accounts from the list.
- If you have a comparative period, enter the Start date and End date.
- Select Create. The accounts for the year ended are shown.
Rolling forward existing accounts data
If a set of accounts already exists for the previous (comparative) period, when you select Create, the new set of accounts for the next period is created. The accounts data will be rolled forward to populate the new set of accounts.
- Standing company data and information on current directors is copied to the new set of accounts.
- Current year values are copied to the comparatives column.
- Applicable notes and policies are copied forward.