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
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
Hi Mustafa,
You can open a General Ledger account (ours is 9300/000) as a Balance Sheet Entry under the option B75 called "Taxation"
No act of kindness, no matter how small, is ever wasted. - Aesop "The Lion and the Mouse"
Annetta (14-Jan-22)
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