Topic results Trade Creation

CCH Corporation Tax
Creating Trades
This document outlines the procedures for creating and managing trade records within CCH Corporation Tax. It specifies the conditions under which a trade can be initiated, such as having one or two accounting periods or three accounting periods with restrictions on trading periods. The document also discusses the importance of entering a cessation date when a trade ends, as it impacts calculations in the software. Additionally, it emphasizes the need for accurate commencement or cessation dates to maintain compliance during the setup of accounting periods.
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CCH Corporation Tax
Creating a Trade - 3 Accounting Periods
This document outlines the procedure for creating a trade for a limited company within specific accounting periods. A trade can be established when there are one to three accounting periods in the period of account. Users are guided on accessing the client details, selecting the appropriate period, and utilizing the Data Navigator to add trading income. The process includes naming the trade, entering commencement and cessation dates, adjusting accounting periods, and selecting the trade type from a dropdown menu, which defaults to "UK trade."
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CCH Corporation Tax
Creating a Trade - 1 or 2 Accounting Periods
The document outlines the steps to create a trade for a limited company client in contexts with one or two accounting periods or within three accounting periods (with only two trading). It details how to access the appropriate section in the client details page, enter trade specifics like name, start and cessation dates, and designate the primary trade for accounting adjustments. The default trade type is set to "UK trade" but can be modified as needed.
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