How can wear and tear allowance be entered?
Article ID
ias-10398
Article Name
How can wear and tear allowance be entered?
Created Date
5th April 2012
Product
IRIS Business Tax
Problem
How can wear and tear allowance be entered?
Resolution
Users are required to:
1. Log on to IRIS Business Tax and select the client
2. From the Edit menu select Posting.
3. Click on the ‘+’ sign to the left of Property expenses and select specific posting.
4. Enter the description and the amount, if it is a long accounting period you should also enter the date so the posting can be applied to the correct CTAP.
Wear and tear will not usually be included in the accounts so leave the Schedule D I field unticked.
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