Forum Message

Carrying forward a trading loss

Moving from our current accounts package to Solar Accounts can you tell me how you can carry forward a trading loss from the 2011/12 tax year, self employed partnership


Posted by Wm Wilson on Apr 30, 2012 5:20 PM BST

Hello Wm,

Once you have entered all your transactions for the financial year (ie. a few weeks into the new year) click menu Setup > Financial Year > Start a new financial year. This will reduce the balance of the Retained Earnings account which is carried forward into the new year.

Regards


Posted by Mark McLaren (Solar Accounts) on May 1, 2012 9:06 AM BST

Thank you


Posted by Wm Wilson on May 2, 2012 6:48 PM BST