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Thanks for posting in the Community, seqlivestockshea!

Are you referring to recording your company/business income tax? If so, please know that in QuickBooks Online can only record and lodge BAS, PAYG Withholding, PAYG Installment and other taxes available in the GST settings. 

If you wanted to record the company income tax, you can record them as an expense transaction and allocate to taxes paid. If you wanted to record a journal entry, I would recommend contacting your accountant for tax advice or look for a ProAdvisor for accounting advice on what's best to record the income tax. Use this link to Find an accountant: https://quickbooks.intuit.com/au/find-a-proadvisor/

You can check this link to learn more about End of Financial Year | FAQ and Resource Hub.

Please let me know if you have any additional questions. I'm always willing to assist. Have a good day!