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April 9, 2022
Question

I have 2 unmapped accounts Owner's equity and RBC Savings account. I am being asked to assign a tax line and I am not sure what to do?

  • April 9, 2022
  • 1 reply
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1 reply

April 11, 2022

Hi cgostick-telus-n,

 

Welcome to Community!  QuickBooks Online is a dynamic program that allows you to reach your daily goals with confidence.  I'll be happy to provide more information so you can get back to what you love!

 

You can add an account to your chart of accounts effortlessly and include a specified tax as a default.  If you haven't done this already, here's how:

 

1. Go to Settings ⚙ and select Chart of accounts

2. Locate the account and click on the ▼ dropdown menu in the Action column, select Edit

3. Enter the desired Default tax code

4. When finished, hit Save and close

 

If you have any other questions or concerns, please don't hesitate to reach back out.  We'd be glad to help!