Update Profits

To access this screen select Edit, Update Profits.

Use this option where you are not entering the trial balance in Accounts Production to enter the:

• Turnover

• Expenses

• Directors remuneration

Business Tax then uses the Turnover and Expenses values to get the profit/loss per the financial statements.

If you have Accounts Production

If you have Accounts Production but do not want to enter the full details in Accounts Production, it is possible to use the Update profit option. However, there will be a warning message as you enter the screen.

The warning appears because you should NOT use this screen if you have a trial balance entered in Accounts Production. This is because any figures you enter in this screen will be added into the Accounts Production posting entry.