What GL code to use for Company Income Tax

Question

Hi thereI am trying to load a payment I have made for company income tax, but am unsure where to code the payment to.&nbsp;&nbsp;Is anyone able to tell me, please......In my Accounts GL list, Do I code it to as a Liability and use a 2-0000 code, or do I put it under Other expenses and use a 9-0000 code.Thank you for any help. :)

mike_james · Answer

Hi Jen25&nbsp;, I suggest you allocate income tax payments to a liability account, then your accountant can deal with that and the other tax entries they make.&nbsp;

jen25 · Answer

Thanks for that Mike!! Much appreciated.

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What GL code to use for Company Income Tax

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