Income Tax Expense posting in Pastel Express

[Globaltech]

Hi Guys,

i would like some advice on posting income tax, i am confused on where to post it or should i create a new liability account specifically for the income Tax.
Kindly advice on what i can do.

Regards

Mustafa Abdullah

[Mike C]

Hi Mustafa,
You can open a General Ledger account (ours is 9300/000) as a Balance Sheet Entry under the option B75 called "Taxation"

[Globaltech]

Hi Mustafa,
You can open a General Ledger account (ours is 9300/000) as a Balance Sheet Entry under the option B75 called "Taxation"

Hi Mike,

Thank you I will do as you advised.

If i don't execute it as you mentioned I will surely let you know.