I am a newby here and in desperate need of some help.
I had a look at my tax type report and realised that the only tax reflecting involved the sales and cost of sales and excluded ALL expenses. After much searching I have realised that I had been processing cashbooks for some time without having check the Tax Processing block in Cashbook settings, hence no expenses have had their Tax allocated.
I have done quite a lot of work and cannot restore, so the only option for me is to recapture these expense payments in a journal. My question is though, what journal do I use, what do I do regarding tax allocation and what contra-accounts do I use?
Do I have to journal the payments and then re-enter to avoid using the contra account?
I feel like a real dummy, as its such a simple but disastrous mistake.