Goods

The Overview tab shows accounting values and tax values of goods this year and last year. The accounting value is displayed at the client account level and is summed per inventory group and in total. Tax values displayed here are the result of entries on the Calculated taxable value tab. Click Show All to see all associated client accounts with zero values.

In the Calculated taxable value tab, you calculate the tax value of goods. Adjust accounting value for dead stock and other adjustments to get tax value. Last year's tax value is entered manually the first year, and is populated automatically later years. Tax value is automatically transferred to relevant subjects and to Changes in temporary differences. Click Show all to see all inventory groups with associated client accounts with zero values.

See Items, fields and subjects in new tax return for businesses for more information.