Ability to transfer funds directly between reserves
Excess depreciation on revalued assets should be transferred between P&L Reserve and Reval'n Reserve. Other transfers are also necessary sometimes. Taxfiler can't cope with this, meaning accounts aren't compliant
Agreed with this - don't know what to do with regards to having to keep the revaluation reserve present when the asset has been sold so it should be moved to P/L reserves
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Agreed with this - don't know what to do with regards to having to keep the revaluation reserve present when the asset has been sold so it should be moved to P/L reserves
Please, please, please address this issue. I have had to submit SO many sets of accounts that are not compliant.