Comparative figures show the previous financial year's figures alongside the current year's figures in the produced accounts.

If prior-year figures have changed following an adjustment, the accounts may also display an "As Restated" label beside the comparative figures.

This guide explains how to access and enter comparative figures, what the "As Restated" label means, and how to remove it where appropriate.

How do I access and enter comparative figures?

To view or enter comparative figures:

1. Open the relevant Client/Dataset.
2. Go to Nominal Ledger > Chart of Accounts.
3. Select View > Comparatives.
4. Locate the relevant comparative period.
5. Enter or review the comparative figures as required.

Ensure the figures are entered against the correct financial period.

What does "As Restated" mean?

The "As Restated" label indicates that the prior-year comparative figures have been adjusted from the amounts originally reported.

This can happen when prior-year adjustments have been posted, for example, following corrections to previously reported figures.

In Bright Accounts Production, the relevant nominal associated with prior-year adjustments is:

991.01 – Profit and Loss Reserve Prior Year Adjustments

Postings against this nominal can cause the "As Restated" wording to appear in the produced accounts.

How do I remove the "As Restated" label from prior-year figures?

If "As Restated" is appearing beside the prior-year comparative figures, this is usually caused by postings to nominal 991.01 – Profit and Loss Reserve Prior Year Adjustments.

To remove the label:

1. Open the relevant Client/Dataset.
2. Go to Nominal Ledger > Trial Balance.
3. Search for nominal 991.01 – Profit and Loss Reserve Prior Year Adjustments.
4. Review any postings against this nominal.
5. If the prior-year adjustment is not required, move or clear the relevant posting(s) from nominal 991.01.
6. Re-produce or refresh the accounts.
7. Review the comparative figures to confirm that the "As Restated" label has been removed.

Important: Do not remove or reclassify a posting simply to remove the label if the prior-year adjustment is genuine. The "As Restated" wording may be required to accurately disclose a prior-year adjustment.

If you are unsure whether the posting should remain, review it with the relevant accountant or audit team before making any changes.