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Remove Signature into the 12 Month Income Statement

Remove Signature into the 12 Month Income Statement

Aug 6th, 2022

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How to Remove Signature into the 12 Month Income Statement

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The standard financial statements in Sage 50 include a report called the standard income 12 period, which provides a monthly breakdown of the current fiscal year from period 1 to period 12. However, the report does not allow for a customizable date range, limiting its use to the current period. Users can, however, change the current period to access prior open years, but closed years remain inaccessible. To enable this functionality, users can create a custom financial statement by clicking the save button while viewing the report and assigning a new name, such as "my income 12 period." This saves the report and makes it available in the report list.

Got questions?

Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

Can audited balance sheet be changed?

A revision of the audit report may be warranted in several instances involving reasons such as apparent mistakes, wrong information about facts, subsequent discovery of facts existing at the date of the audit report, etc.

Can a signed financials be changed?

The date of signing of Financial Statement including Balance sheet, Profit Loss, Cash Flow Statement and other supporting Documents shall be the date which can either before the date of signing of Audit report or the date of signing of audit report.

Can a financial statement be manipulated?

There are two general approaches to manipulating financial statements. The first is to exaggerate current period earnings on the income statement by artificially inflating revenue and gains, or by deflating current period expenses.

What are the consequences of altering financial statements?

The risks of inaccurate financial reporting include bad operational decisions, reputational damage, economic loss, penalties, fines, legal action and even bankruptcy.

Do financial statements need to be signed?

The board of directors must approve the financial statements; and. The financial statements must be signed by a director who has been authorised by the board to do so.

Can you change audited financial statements?

If the new facts have an effect on the previous years financial position in a material way, the auditors must investigate. They should revise their audit report and the company should issue the corrected audit report to any parties that have received it, such as government agencies or banks.

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