I have entered my profit figure into update profits, but this has doubled/increa
Article ID
ias-12555
Article Name
I have entered my profit figure into update profits, but this has doubled/increa
Created Date
13th September 2017
Product
IRIS Business Tax
Problem
I have entered my profit figure into update profits, but this has doubled/increased my profit.
Resolution
When entering a new profit figure into edit | update profits, please remember to select zero values first, so that the profit figure returns to 0. Then enter the profit in turnover and expenses fields as required to reach the correct profit figure.
If you then need to adjust this profit figure, then enter as follows
To increase the profit – enter figure in turnover
To decrease the profit – enter figure in expenses
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