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
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
Thank you