Schedule III Headings
Shows the statutory heading each account in your chart is reported under in the Schedule III statements, why it is there, and from when. Use it when a statement lists Accounts that could not be placed, or when an account sits under the wrong heading. It is a settings page, not a report, and it is on the web only. It is for India: it is offered only where your business unit's country has a statutory format, and today that is India.
Quick look
- Go to Reports › Business Reports › Schedule III Headings, or click Review where accounts are placed on a Schedule III statement.
- In Show, choose Needs review (by type or not placed).
- Click Change on the account.
- Under Report this account under choose a heading, set Takes effect from if you do not want it from today, and click Save.
Done. An account that was unplaced now sits under the heading you chose, from the date you set.
Full guide
What it shows, and when to use it
One row for each account in your chart. The page title has an information icon that explains the labels, and Back to the balance sheet returns to the statement. If your country has more than one format, a Statement format list switches between them; each format has its own headings.
Filters
Fields in this section
| Field | Required | What to enter |
|---|---|---|
| Statement format | Only if your country has more than one | The format whose headings you want to see. |
| Show | No | All accounts, Needs review (by type or not placed) or Changed by us. |
A tag above the table shows the filter when it is not All accounts.
Columns
Fields in this section
| Column | What it shows |
|---|---|
| Account | The account in your chart. |
| Schedule III heading | The heading it is reported under. An account split by balance side shows one heading for a debit balance and another for a credit balance, or Always. No heading means none. |
| Where it comes from | Standard (the heading Bizconnekt picks for this kind of account), Set by admin (chosen for every business in your country), Changed by us (chosen by your own admin for this unit), Follows parent account (it takes its parent's heading), By account type (no specific rule, so the type decides; please review) or Not placed. |
| In force from | The date the heading starts. A change applies from its date; earlier dates keep the old heading. A pending change reads "Scheduled: heading from date". |
| Action | Change, Reset to standard or Withdraw, if you can change headings. |
How changing a heading works
- Click Change, choose a heading under Report this account under, and set Takes effect from. Leave the date empty to start today, or the day after your last change to this account. It cannot be in the past.
- If the account is split by balance side, saving puts its whole balance under the one heading you choose.
- Reset to standard puts the account back under the standard heading, after you confirm.
- Withdraw cancels a scheduled change that has not started yet.
- A change moves the figures of reports for dates on or after it. It does not edit any entry.
Sorting, drill-down and export
The list has no sort, export, print or email. Use the filter to narrow it.
Who can see it
Open the page with View on Business Reports. Without it you see a No Access page. To change, reset or withdraw a heading you need Add/Edit on Business Reports, or to be a tenant admin. With View only, the page says to ask your admin to tick Edit on Business Report for your role, and the Action column is empty.
On mobile
Web only. The mobile app has no Schedule III Headings page. Same on iPhone and Android.
The Android app is on Google Play. The iPhone app is coming soon to the App Store.
Problems and fixes
I cannot find the page
The page is in the menu under Reports › Business Reports, and its card appears on the Business Reports page only where your country has a statutory format.
I do not see a Change button
Your role has View but not Add/Edit on Business Reports. Ask your admin to turn it on for your role.
My change did not alter last year's figures
Headings apply from their date, and a change cannot be dated in the past. Reports for earlier dates keep the old heading.