Create a trade - 1 or 2 accounting periods
On the client details page click Tax Returns and then click the Period of Account you want to create a trade for.
On the Data Navigator on the left, click Trading Income.
In the Trade column, enter a unique name.
If the trade commenced within the period, enter the date the trade activity commenced in the Trade Commencement column.
If the trade ceased within the period, enter the date the trade activity ceased in Trade Cessation column.
In the Primary trade? column, select or clear the check box as required:
- Select the check box to ensure the relevant trade is the default trade for all Per accounts adjustments.
- If the check box is clear, you will need to manually allocate any Per accounts adjustments between any trades present and non-trade activity from within the relevant data entry windows.
The Type field will default to "UK trade" with a drop down to select other Trade / business types