I have a difference on the Deferred Taxation note but the figures are correct - with QuickVid

If you have a difference on the Deferred Taxation note but the figures are correct, this is likely due to the prior year 2 figures not being entered into the trial balance.

To check this, make sure your Prior Year figures are showing from the ? options on the note.

Review your trial balance to ensure the prior year deferred tax opening balance matches the prior year 2 closing balance.

Example

If the prior year deferred taxation brought forward amount is (£4,200) mapped to F01.01.00.01, the same amount will need to be mapped to F01.01.00.01 in PY2.

Ensuring that the prior year 1 opening balance matches the prior year 2 closing balance will prevent differences from occurring on the note.

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