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larry-davey
March 12, 2019
Question

How do I record income tax owing?

  • March 12, 2019
  • 1 reply
  • 0 views
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1 reply

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IntuitSharon
March 12, 2019

Hello, Larry.davey!

You can set up a liability account to keep track of income tax you owe to the government. For specifics on which accounts to use when recording the liability, I recommend consulting an accountant.

You may also find this answer by one of our AllStars insightful. It's in response to a question about recording income tax paid for a sole proprietorship.

https://community.intuit.com/replies/2928338

I hope you have a great day!

Sharon

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DaleD
March 12, 2019
I have paid my personal income tax but I'm unsure of what account it should be entered in.  This is in my personal quickbooks account not a business
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