How to enter Incidental Costs

Article ID

ias-3026

Article Name

How to enter Incidental Costs

Created Date

2nd November 2006

Product

IRIS Personal Tax

Problem

Where do I enter a cost of disposal, also known as an incidental cost?

Resolution

Users are required to: 1. Log on to IRIS and select the client. 2. From the Edit menu, select Capital Assets. 3. If an asset has been disposed of click the Assets option on the left, click on the disposed asset on the right and then click Dispose. 4. Disposal costs can be entered into Incidental Costs. 5. If shares have been disposed of click the Share Holdings option on the left, click on the share holding on the right and then click Events. 6. Click on the disposal then click on Edit, enter the cost of disposal into Costs.