Good morning (well I hope it is for some of you),
As a practice we used IRIS accountancy software and I have an issue in respect of FRS 102 implementation.
I have created a nominal code in order to post the 2015 revaluation surplus on an investment property, however I feel that I should be using a 'ready made' code as it were. This is because I get an exception warning that reminds me that the 'Other Comprehensive Income data screen has not been completed.
Does anyone know if there is a standard nominal code for revaluation surplus' and deficits and if so what is it?
Any help would be greatly appreciated as the assistance I have had from IRIS so far has been poor, despite the cost of their product.
Regards,
Liam