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To access this screen, go to:
Trades
Partnerships
Select Override Return Totals
Select Values for an Accounting Period
Select a period
This screen is used to change the split of items taxed during the period of the partnership return.
IRIS automatically splits the profit/losses between the partners using,
the ratio specified in Accounts Production; or
the amended ratio specified in the Business Tax Review Shares screen.
It may be necessary to override these calculated values with specific amounts, if different types of income are split between the partners using different ratios.
The top of the screen shows whether the return selected is a short or long return, and it stipulates the return period selected.
To change the selected partner, click on the down arrow and click on the required partners name.
To amend the figures, enter a tick to activate the boxes and edit the field, then click on the Apply button. To change the figures back to the default un-tick the relevant boxes.
If the amount entered for the partners do not agree to the totals on the return a warning will be displayed.