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Thread: Income Tax Expense posting in Pastel Express

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    Income Tax Expense posting in Pastel Express

    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

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    Diamond Member Mike C's Avatar
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    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"

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    Quote Originally Posted by Mike C View Post
    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.

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