Table of contents

Known issues

Last modified 15:16, 22 Jun 2017
Table of contents

 

The following are the Known Issues for 2017.1.

Known Issues in 2017.1

ITS/56126 - The Fixed Asset Register should cope with gaps and overlaps in the Accounts Production accounting periods

Accounts Production can create both gaps and overlaps in its Accounts Period dates.

  • Gaps - These can arise when the year end is 28th February. If the year end is 28/02/2016, then, on rolling forward, the next year starts on 29/02/2016. This looks a bit odd. So many users would edit it to 01/03/2016 creating a gap of one day. The old year end date also needs to be edited to 29/02/2016.
  • Overlaps - These can arise when you have a client with a short accounting period on UK GAAP and convert to FRS102. When you do this, Accounts Production creates a comparative FRS102 accounting period. But instead of using the dates of the short accounting period, it assumes the comparative period is a full year and this overlaps the previous year's UK GAAP period.

In either case, you have to edit the dates in Accounts Production to remove the gaps and overlaps before you are able to get into the FAR.

ITS/56255 - The link from Fixed Asset Register to Corporation Tax does not bring in any data for FRS105 clients

For 2017.1, a Schedule of Tangible Assets has been added to Accounts Production's FRS105 Management accounts. This allows asset balances to be brought into Corporation Tax from Accounts Production, but no additions or disposals are brought in from the FAR.

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