Forum Discussion

DijanaCDG's avatar
4 months ago


Does the Income 4-1300 Professional Fees - Total Income include the GST amount recieved?
  • Genreve_S's avatar
    4 months ago

    Hi DijanaCDG

    Welcome to the Community Forum. 


    Just to clarify, taxes are typically accounted for in the 'other expenses' section of a profit and loss statement, rather than being included as income or part of the cost of sales. However, it's important to note that financial practices can vary, so it's always a good idea to consult with a financial advisor or accountant for specific business-related financial questions.


    Please don't hesitate to reach out if you need any further assistance.


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