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Trading losses incurred in the period

Article ID
ias-12128
Article Name
Trading losses incurred in the period
Created Date
13th October 2015
Product
IRIS Business Tax
Problem
Where do I enter trading losses incurred in the period?
Resolution
Users will not have to make an entry within Business Tax to show the losses in the period as this is automatically picked up from Accounts Production or through the adjustments made in the Business Tax posting screen. If you are using Business Tax as a standalone for a Limited company from the Edit menu select Update Profits to enter a loss.

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