Short Life Assets

Last modified 10:20, 23 Oct 2015

Overview

You can use this feature to add capital assets eligible for short life assets claims.

This section will explain how to create the entries and the information you will see for single and multiple accounting periods.

Accessing the data entry area

To locate the data entry areas in which to make claims under the short life asset election follow the steps below. 

Short life assets within a Trade

  1. Double click the Trading income option within the left hand navigator panel
  2. Double click on the Trade name to display the options within the Trade area.
  3. Double click on Capital allowances option
  4. Click on the SLA's option
  5. Select the accounting period. This is required in a multiple accounting period scenario only.   

Short life assets within Management expenses:

  1. Double click the Management Expenses option within the left hand navigator panel
  2. Double click on Capital allowances option
  3. Click on the SLA's option
  4. Select the accounting period. This is required in a multiple accounting period scenario only.

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