New Schedule III Balance Sheet and enhancements to the Schedule III P&L, plus proper inventory and Sales-Order accounting for production rejects and surplus finished goods.
Inventory — Rejects & Surplus Goods Accounting
Production rejects and surplus finished goods are now captured, segregated into quarantine locations, and revalued to their net realisable value so the P&L and Balance Sheet stay correct. Surplus write-down and any later dealer-sale recovery are assigned back to the originating Sales Order, giving accurate order-level costing.
Finance — Schedule III Balance Sheet
A new statutory Schedule III Balance Sheet groups posted balances under the Companies Act headings (Equity & Liabilities / Assets) with sub-heads, subtotals, expandable account detail, a comparative prior year-end, and a printable PDF. The Schedule III P&L has also been enhanced with the same expandable account-level detail.