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garymills
May 28, 2019
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Corporation Tax forecasting

  • May 28, 2019
  • 1 reply
  • 0 views

I'm a one person business and new to Quickbooks. Is it possible to see or set up a corporation tax forecast or progress year to date within one of the many reporting features in the software?

 

Maybe a plugin or integrated partner app would do it also? Have spent a while searching for answers online only to draw a blank so far...

 

Thanks in advance

Best answer by JonpriL

Hi @garymills,

 

You can manually record your corporation tax but it isn't advisable because it'll result in an inaccurate calculation of your tax.

 

Nevertheless, you can create a Bill or Expense transactions and then post it to your Other Expense type of accounts in your Chart of Accounts.

 

For your reference, you can follow the steps outlined in these articles if you'll proceed to manually record your corporation tax:

In addition, you can manually search for an integrated app that will help you with recording and tracking your corporation tax. Here's how:
  1. Go to Apps.
  2. Enter Corporation Tax in the Search field.
  3. Select to open the app's overview.
  4. Click Get app now.

For your reference, you can read this article to learn more about integrating an app: QuickBooks App Store.

 

As always, you can visit our Help Articles page for QuickBooks Online if in case you need to learn some "How do I" steps.

 

It'll be always my pleasure to help if you have any other questions. I'll be keeping an eye for your response.

1 reply

J
JonpriLAnswer
May 28, 2019

Hi @garymills,

 

You can manually record your corporation tax but it isn't advisable because it'll result in an inaccurate calculation of your tax.

 

Nevertheless, you can create a Bill or Expense transactions and then post it to your Other Expense type of accounts in your Chart of Accounts.

 

For your reference, you can follow the steps outlined in these articles if you'll proceed to manually record your corporation tax:

In addition, you can manually search for an integrated app that will help you with recording and tracking your corporation tax. Here's how:
  1. Go to Apps.
  2. Enter Corporation Tax in the Search field.
  3. Select to open the app's overview.
  4. Click Get app now.

For your reference, you can read this article to learn more about integrating an app: QuickBooks App Store.

 

As always, you can visit our Help Articles page for QuickBooks Online if in case you need to learn some "How do I" steps.

 

It'll be always my pleasure to help if you have any other questions. I'll be keeping an eye for your response.

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