The submit quarterly update window
Description
How the Submit quarterly update window displays your figures and calculates the categories.

Submit quarterly update window.

 

This displays the individual transactions. The software includes all transaction types posted to Profit and Loss codes other than Ledger Year End journals.

Section Details
Tax year Select the tax year to submit for.
Quarter Select the quarter in the tax year to submit for.
Submission deadline The submission deadline for the selected quarter.
Last submitted to HMRC The date you last submitted your update to HMRC.
Business income categories

Each line is an Income Tax category and the total includes transactions that make up the category from each nominal node. The total is the credit balance minus the debit balance.

Drill down on each total to see the nominal codes for each category.

You can then drill down on each nominal code amount to see each transaction.

Business income total Total of each category in the Business income section.
Business expenses categories

Each line is an Income Tax category and the total includes transactions that make up the category from each nominal node. The total is the debit balance minus the credit balance.

Drill down on each total to see the nominal codes for each category.

You can then drill down on each nominal code amount to see each transaction.

Business expenses total Total of each category in the Business expenses section.