When using the basic free in-built iXBRL conversion computations template and completing the Capital allowances/balancing charges section, the 'Balancing allowance' field is only activated when you select 'Yes' to the question 'Did the company cease trading at the end of the accounting period'. In this case the full balance of pooled assets is automatically recorded in the 'Balancing allowance' field.
Where the business has not ceased, other fields (acceptable close match or general field) must be utilised to record balancing charges accounting entry.
You must also provide the balancing allowance values in the relevant boxes within CT600 forms.
Further details on capital allowances and balancing charges can be obtained directly from HMRC or from their web pages:
Capital allowances when you sell an asset
HMRC's Self Assessment Helpsheet HS252
Please note, Andica CT600 software's free basic inbuilt accounts and computations iXBRL conversion template is provided as detailed in the software Feature web page.
Disclaimer: We cannot advise on how you should complete your tax returns or how the taxes are calculated. Information provided here is given without any obligations and we will not accept any claims or liabilities for any damages as a result of you relying on the information given here, if in doubt you must consult the HMRC Online Services Helpdesk on 0300 200 3600 or a professional tax advisor.