I am preparing a Member Set of Accounts for a professional services firm. There is a requirement to have Work in Progress and Direct Costs movements but when these are posted to the nominal ledger, they report in the profit and loss as "Raw Materials and Consumable". This isn't appropriate terminology for a professional services firm. More flexibility is required to adjust how the Member Accounts report. Presently I have to use a third party pdf editor software and I need to do this each time I make a change to the accounts. Thanks
Julie Beamish
Good morning,
Historically we have opened up two areas of the accounts allowing users to adjust the nominal group names.
The edit option if present is within Trial Balance > Nominal Groups > Top Right Edit Nominal Group Name.
This covers the following today...
Detailed Income Statement Groups
Profit/Loss before Tax note to the accounts
If you can the following, I will raise with the relevant team and review if we can, or why we are not allowing these changes.
Client Type
Reporting Standard
Any other Groups you are editing other than Raw Materials and Consumable
Regards,
Steve Cartlidge