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.