News from Nomos One
Welcome to Q2!
In our April newsletter, we're excited to share resources to enhance your experience with Nomos One. Whether you’re diving into financial reporting or managing your agreements, we hope these tips will make your processes easier.
Webinar Recording: Preparing for End of Financial Year
Missed our live webinar last month? No worries – you can watch the recording! For the March Year End period, we discussed best practices for portfolio maintenance, data accuracy checks, year-on-year reconciliation, and common error troubleshooting. Find the recording here!
Recommended Articles
Complete Renewals for IFRS 16
It's important for your IFRS 16 reports to reflect whether you are renewing an Agreement. The original decision is recorded in the Initial IFRS Questionnaire, but if that decision changes, you need to reflect that using the Settings Change Questionnaire. To ensure your balances are correct, check out our guide here.
Investigate changes to Prior Balances
Maintaining your IFRS 16 reporting values is essential to posting accurate reports. If changes are not recorded correctly - especially if commencement data is altered directly - historic balances can change. Check out our guide to understand what can be changed and the best practice for recording updates.
Nomos One does not provide or purport to provide any accounting, financial, tax, legal or any professional advice, nor does Nomos One purport to offer a financial product or service. Nomos One is not responsible or liable for any claim, loss, damage, costs or expenses resulting from your use of or reliance on these resource materials. It is your responsibility to obtain accounting, financial, legal and taxation advice to ensure your use of the Nomos One system meets your individual requirements.