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Where to make an entry for Lease Premium?

Article ID
ias-12643
Article Name
Where to make an entry for Lease Premium?
Created Date
22nd November 2017
Product
IRIS Business Tax, IRIS Business Tax – AiB
Problem
Where to make an entry for Lease Premium?
Resolution

To make this entry please do the following in Business Tax:

– Go to Edit in the top left-hand corner

– Posting

– Click on the “Plus sign” next to Trade Expenses Allowable 

– Specific posting

– Click Insert on the bottom right hand of this window

– Select any suitable Expense Type

– Enter the Description (this is the narrative which will appear on the Tax computation) and enter the Amount

This will appear as a deduction within the Tax Computation.

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