Other Taxed Income

Other Taxed Income Summary

To access the data entry area select Other Taxed Income in the Data navigator.

The summary window displays a summary of the income received and tax deducted for each accounting period within a period of account. 

Click on the Taxable Income to enter details of the income received.

Description  - enter a description for the source of income. If there are multiple entries required to be made in this window then the description of the expenditure on each line should be unique.

B/fwd -  Enter an amount of income brought forward in the first period

Per accounts - enter the amount of income received 

Taxable - Enter the amount of taxable income

Tax Deducted - enter the amount of tax deducted from the source of income.

C/fwd - this amount is automatically calculated by the software and is the result B/fwd plus Per accounts minus taxable.

Other tax deducted - enter any Other tax deducted.