Profit per financial statements figure shows as £0

Article ID

ias-12085

Article Name

Profit per financial statements figure shows as £0

Created Date

13th October 2015

Product

IRIS Business Tax

Problem

The Profit per financial statements figure shows as £0 how can this be resolved?

Resolution

This normally occurs if there is a date conflict. For example, if a cessation date has been entered in error or the trading commenced date is incorrect. To check and amend this users are required to: 1. Log on to IRIS Business tax and select the client 2. Go to Client | View and ensure the incorporated date, trading commenced date, ceased date are all correct 3. Click on Periods and ensure there is no incorrect year end showing here as Annual 4. If there is an incorrect year end then this can be deleted or changed to interim in Accounts Production therefore ignored in Business Tax Please note deleting the period will remove all data from the Tax And Accounts Production module.