Hello, How do we record Corporation Tax Payments & Advanced Corporation Tax Payments.?.. Thanks

Hello, How do we record Corporation Tax Payments & Advanced Corporation Tax Payments.?.. Thanks

1 answer

Peter Connor Staff September 8, 2016
Public

Hi,
You should really ask your accountant about that,  as it depends what liability account he was using to record the pending CT payment. It depends on how he normally records your CT liability in the yearly accounts.
You can add the corporation tax payment using the “Add One Off Payment” link under the taxes menu.  This is essentially a glorified manual journal entry, so if you’re more familiar with journal entries, you can add one for the corporation tax either.
Thanks

#answer-4025
  1. skytrade66 September 8, 2016
    Thanks Peter, I used the create new Journal. All is well. Another query, when are you going to update the Vat module to do Annual Stats returns & allow for Export /Import of Goods & Services accounting.?.
  2. Peter Connor September 8, 2016
    Not sure. We're pretty focused on the US market.

Please login or Register to Submit Answer