When producing a corporate statutory return, that contains financial information (e.g. Form 5603 EAR, Form 5602 AAR) transactions are grouped into types/categories.
Transaction type/category must match to an allowable type as defined in "Receipts and Payments transaction category" configurable table:
| Transaction type | Summary line | Transaction categories |
| Receipt | Detail | Sale of business |
| Receipt | Detail | Land and buildings |
| Receipt | Detail | Plant and Equipment |
| Receipt | Detail | Cash on Hand/Bank |
| Receipt | Detail | Work in progress |
| Receipt | Detail | Inventory |
| Receipt | Detail | Sundry Debtors |
| Receipt | Detail | Other (Pre appointment Assets) |
| Receipt | Detail | Legal Recoveries |
| Receipt | Detail | Antecedent Transactions |
| Receipt | Detail | Trading Receipts |
| Receipt | Detail | Other Receipts |
| Payment | Detail | Appointee - remuneration |
| Payment | Detail | Appointee - disbursements |
| Payment | Detail | Legal Fees |
| Payment | Detail | Property Realisation and Preservation Costs |
| Payment | Detail | Other Cost of Realisation |
| Payment | Detail | Payroll Expenses |
| Payment | Detail | Purchases |
| Payment | Detail | Other Trading Expense |
| Payment | Detail | Priority Creditors |
| Payment | Detail | Unsecured Creditors |
| Payment | Detail | Secured Creditors |
| Payment | Detail | Deferred Creditors |
| Payment | Detail | Contributories Creditors |
| Payment | Summary | Dividend – Priority creditor |
| Payment | Summary | Dividend – Secured creditor |
| Payment | Summary | Dividend – Unsecured creditor |
| Payment | Summary | Dividend – Deferred creditor |
| Payment | Summary | Dividend – Contributories creditor |
| Receipt | Summary | Summary for this period |
| Receipt | Summary | Summary for all previous periods |
| Payment | Summary | Summary for this period |
| Payment | Summary | Summary for all previous periods |
| Payment | Summary | Remuneration during report period |
| Payment | Summary | Remuneration since appointment to end date of report |
| Payment | Summary | Expenses during report period |
The software will categorise each transaction into the above categories, by reference to the type of account, fee or disbursement payments or asset or creditor category used for entering transactions.
Comments
0 comments
Please sign in to leave a comment.