Business Tax- Total of loans repaid, released, written off is higher then total of loans made during period
Article ID
business-tax-total-of-loans-repaid-released-written-off-is-higher-then-total-of-loans-made-during-period
Article Name
Business Tax- Total of loans repaid, released, written off is higher then total of loans made during period
Created Date
15th June 2023
Product
Problem
IRIS Business Tax- Total of loans repaid, released, written off is higher then total of loans made during period
Resolution
This also applies if you are trying to repay a loan brought forward but when you enter any date of repayment it shows: ‘The date of repayment must be after the period end date’
1.Load the company and relevant period
2. Go to Data Entry | Loans to Participators
3. Override the values to zero value or to the new remaining value. (If its a B/forward value then reduce it manually)
4. Go to Data Entry | Summary – tick ‘For earlier period’ within the Repayment Claim section edit notes and explain why you removed/reduced the figures
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