Multiple Trade Maintenance

• To select this option select Edit | Multiple Trades | Trade Maintenance.

The Multiple Trade Maintenance screen shows which trades are linked to the selected company at the moment. It shows the names, their identifiers and the dates of trading start and to.

Full details for displayed fields are listed below:

1.  New – Select New to create a new Trade. The Trade for [ClientID] window will be displayed.

a.  Trade ID – Enter the unique identifier for the Trade

b.  Account Order – The Account order field must be completed, enter the Trade order number. The order number will allow you to:

• Allocate legacy data to a specific trade

• • Specify the order in which the trade is to appear on the enhanced corporation tax computation report   

  • If the trade is allocated order ‘1’ you will have the option to allocate the legacy Business Tax data to this trade. This includes postings, trade losses, capital allowances as well as leased expensive car data.

Select Yes to allocate the legacy data to the specified trade or select No cancel

c. Trade Name – Enter the name of the trade that is to be shown on the enhanced corporation tax computation report  

d. Start Date – Enter the start date for the trade. The start date must be on or after the incorporated date for the company

e. End Date – Enter the trade cessation date:    

1. • If the trade cessation date is valid for the current CTAP any trade losses will be unavailable to carry forward
     Any balancing allowance due in the general pool for the trade will also be automatically calculated.
     If the trade is no longer trading in the selected CTAP, the trade will not be available to select in the Trade Name selection field.

2. Delete – Allows the deletion of a trade.

1. • This process is irreversible. If there are no data/postings allocated to the specified trade, the specific trade will be deleted without any further warning. However if there are any data/postings detected the Multiple Trades – Delete window will be displayed.

a. Select Details for a summary of the data/postings that must either be reallocated to another trade or where appropriate must be deleted.

3. View – Select View to edit the details for the highlight trade