Add group account data

Product subscription required: IRIS Elements Accounts Production Enterprise

When you create a group structure, IRIS Elements creates the group period and consolidates the trial balance data from the parent company and its undertakings.

Source Data does not show the consolidated data and remains blank unless you add manual postings.

Add manual postings

You can add manual postings to Source Data to capture group level adjustments.

1. Open the group period and select Source Data.

2. Select an Account code.

   For FRS102 group accounts, do not select account code 441. This account code is for international standards only and postings will be omitted from profit and loss calculations. Select account code 398 instead.

3. Select an Undertaking, and enter a Narrative if required.
4. Enter Credit or Debit amount.

You can also Import trial balance data from a CSV file.

You can allocate imported data to specific undertakings in Adjustments.

Adjustments

You can make journal adjustments for group accounts in the same way as standard periods. Use the Undertaking column to assign each adjustment to a specific undertaking within the group.

Next step: Generate group accounts reports