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Jen25's avatar
Jen25
Member
2 years ago

What GL code to use for Company Income Tax

Hi there I am trying to load a payment I have made for company income tax, but am unsure where to code the payment to.   Is anyone able to tell me, please......In my Accounts GL list, Do I code it ...
Mike_James's avatar
Mike_James
Ultimate Cover User
2 years ago

Hi Jen25 , 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. 

  • Jen25's avatar
    Jen25
    Member
    2 years ago

    Thanks for that Mike!! Much appreciated.

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