Tax Payment for Prior Year Was Shown as Tax Expense in the Current Year

It's good to see you here in the Community space, Na2ra. 

I'm here to help you properly handle the tax paid for the previous year that was shown in the current year's Profit and Loss.

The Profit & Loss report provides an overview of your business's income and expenses. It's possible that your corporate tax expense showed up in the report because you've set it up as an expense account.

Additionally, the appearance of last year's tax payment in this year's records could be due to the transaction date being recorded as occurring in the current year. To ensure that, we can double-check the transaction and edit it.

Here's how:

1. Go to Expenses.
2. Look for the Corporate Tax Expense in the Category column. Aside from that, you can filter the Expense by clicking the All transactions drop-down arrow.
3. Select View/Edit.
4. From there, you can change the Payment Date.
5. Click Save.

If you have additional concerns regarding your tax payment, please don't hesitate to post them here in the Community. Stay safe!