TaxCycle | Products | Pricing | Training | Documentation | Support | News

Error schedule 101 not completed?


Taxcycle T2 is giving an error stating to complete schedule 101 but this is corporations first year. There was no opening balance. How would I get rid of this unresolved error? Please advise.


Sukhdev Jalaf

Your first year S101 values will be the Share Capital amount (DR) and either Shareholder or Bank for the CR.

Yes this is more of a user error than a program error. Mr. Klassen has the correct answer.