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Micro entity balance sheet

Hi.

Need to run a report that fits HMRC micro entity balance sheet template.

Which is best report to use from QB ?

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Best answer 02-07-2019

Accepted Solutions
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Super Contributor **

The micro entity balance sheet is merely a highly summari...

The micro entity balance sheet is merely a highly summarised version of the QBOnline Balance Sheet report. You merely need the total fixed assets, total debtors, total creditors (less than 12 months), total creditors (over 12 months), and the net capital.

QBOnline (and to the same extent QB Desktop) do not provide the exact format to meet the FRS105 Micro-Entity accounts formats (as yet), so you will need to perform a manual extraction as described.

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QuickBooks Team

Hi info. I'm not personally familiar with HMRCs micro ent...

Hi info.
I'm not personally familiar with HMRCs micro entry balance sheet. If you can give me a little more information regarding what kinds of data they would need I would be able to give some more advice regarding the best report we offer.
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Hi, Mollcons answer seems to fit the bill (!) . Hopefully...

Hi, Mollcons answer seems to fit the bill (!) .
Hopefully QB will take this onboard and perhaps produce a UK "micro entity" account report sooner ? Many thanks.
Highlighted
Super Contributor **

The micro entity balance sheet is merely a highly summari...

The micro entity balance sheet is merely a highly summarised version of the QBOnline Balance Sheet report. You merely need the total fixed assets, total debtors, total creditors (less than 12 months), total creditors (over 12 months), and the net capital.

QBOnline (and to the same extent QB Desktop) do not provide the exact format to meet the FRS105 Micro-Entity accounts formats (as yet), so you will need to perform a manual extraction as described.