Corp Tax on QBOL

Corp Tax on QBOL

Didn't find your answer?

I am trying to post the Corporation Tax at year end in QBOL. There dosen't seem to be a default account for this in the COA and I can set up a Current Liability account. But where should I set a new account in the P&L?

Replies (1)

Please login or register to join the discussion.

avatar
By carnmores
17th Jul 2015 13:24

2 accounts

creditors  / current liabilities - Corporation tax due

other expense - Corporation tax charge 

Thanks (1)