GIFI totals and subtotals

How does DT Max handle GIFI totals and subtotals?

GIFI totals and subtotals are automatically produced by DT Max at the calculation stage and need not be entered manually in GIFI-FIELD.

Any amounts entered manually for these fields will override the calculated values, and in case of discrepancy, a warning will be generated on the diagnostics page of the tax return.

Below is the list of GIFI total and subtotal fields:

     1599 - Total current assets
     2008 - Total tangible capital assets
     2009 - Total accumulated amortization of tangible capital assets
     2178 - Total intangible capital assets
     2179 - Total accumulated amortization intangible capital assets
     2589 - Total long term assets
     2599 - Total assets
     3139 - Total current liabilities
     3450 - Total long-term liabilities
     3499 - Total liabilities
     3849 - Retained earnings / deficit - end
     3600 - Retained earnings
     3620 - Total shareholder equity
     3640 - Total liabilities and shareholder equity
     8089 - Total sales of goods and services
     8299 - Total revenue
     8518 - Cost of sales
     8519 - Gross profit / loss
     9367 - Total operating expenses
     9368 - Total expenses
     9369 - Net non-farming income
     9659 - Total farm revenue
     9898 - Total farm expenses
     9899 - Net farm income
     9970 - Net income / loss before taxes / extraordinary item
     9999 - Net income / loss after taxes / extraordinary item