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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
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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