Period setup incorrectly and wrong dates on the computation

Article ID

ias-12127

Article Name

Period setup incorrectly and wrong dates on the computation

Created Date

13th October 2015

Product

IRIS Business Tax

Problem

There is a 12 month period but the Trade Profit (Loss) / Corporation Tax computation and the return is giving an 8 month and 4 month period.

Resolution

From the Client menu select View and make sure that the incorporated/trading commenced/ceased dates are correct. If the incorporated date and the trading commenced date are different and it is the first year of the company then business tax is correctly creating a dormant ctap followed by a trading ctap If those details are correct, click on Periods and check that there aren’t extra periods setup in error. If there are, these rogue periods can be deleted by logging on as a Master user or changed to Interim in Accounts Production Note: – If there are posting files connected to these in Accounts Production, they will also be deleted. To check, log into Accounts Production. From the Posting menu, select Post File Maintenance and click on Entries.