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July 26, 2019
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How do I record "paid corporation tax"

  • July 26, 2019
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Hi sales56

 

Create an expense, in the category column you can create a corporation tax expense account or select the relevant account, i.e. if you have created either a liability account or equity account, where your corporation tax is posted to from the retained earnings.

1 reply

July 26, 2019


Hi sales56

 

Create an expense, in the category column you can create a corporation tax expense account or select the relevant account, i.e. if you have created either a liability account or equity account, where your corporation tax is posted to from the retained earnings.