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Replace Digital Signature to the 12 Month Income Statement

Replace Digital Signature to the 12 Month Income Statement

Aug 6th, 2022

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How to Replace Digital Signature to the 12 Month Income Statement

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26 votes

The "Standard Income 12 Period" report in Sage 50 is a useful financial statement that displays monthly breakdowns of the current fiscal year, from period 1 to period 12. However, it lacks an option to select a date range, limiting reports to the current period. Users can circumvent this by changing the current period to a prior open year for reporting purposes, but closed years remain inaccessible. To enable custom date functionality, users can save the report under a new name, such as "My Income 12 Period," which creates a custom financial statement that appears in the report list.

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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.

What documents can be signed electronically?

Electronic signatures can be used to sign documents of all shapes and sizes, including: Offer letters. Sales contracts. Permission slips. Rental/lease agreements. Liability waivers. Financial documents.

How should financial statements be signed?

Check your directors signatures Your financial statements must be signed by 2 directors, or 1 if the company only has 1 director. The directors must sign and date the financial statements before or on the same day the audit report is signed and dated.

Do financial statements need to be signed?

Signing of financial statements by two directors out of which one shall be managing director, if any. If there is no Managing Director in the Company, then atleast 2 directors shall sign the Financial Statement.

What is a 12 month income statement?

Trailing 12 months (TTM) is the term for the data from the past 12 consecutive months used for reporting financial figures. A companys trailing 12 months represents its financial performance for a 12-month period; it does not typically represent a fiscal-year ending period.

Can a signed financials be changed?

Section 131 of the Act provides that a company can voluntary revise its financial statements for up to three financial years, where this immediately precedes the financial year in which the application was filed.

Do financial statements need to be signed by an accountant?

So, once a company has prepared their yearly Financial Statements, before submitting to the BIR, and then to the SEC, the Financial Statement must first be audited, certified and signed off by an independent Auditor.

What Cannot be electronically signed?

As outlined by the National Telecommunications Information Administration (NTIA), electronic signatures are not legally valid when signing: Wills and testamentary trusts. State statutes governing divorce, adoption or other family law. Court orders or official court documents.

Can financial statements be digitally signed?

Electronic Signing of Financial Statements The financial statement of the businesses can also be signed electronically with the Digital Signature of the directors, Chief Executive Officer/ Company Secretary/ Chief financial officer and also the Statutory Auditors of the corporate.

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