I am trying to book my (Dutch) VAT payment. In Tab ‘Accounts’ I cannot select the option ‘Tax Payable’ (Af te dragen BTW). Any thoughts how to book on Account Tax Payable?
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Thank you for your reaction. Yes, all VAT (BTW) tariffs are set. Problem remains that when paying VAT (BTW) to the Dutch Belastingdienst from my bank account, I cannot select the Account ‘Tax Payable’ (Af te dragen BTW) to book on.
I am sorry to have bothered you.
I have found https://www2.manager.io/guides/8901
All is working properly now.
I have recently setup a new company on Manager, using simplified setup.
We have processed various payment entries, which has resulted in GST payable being recorded and accumulated in the Tax Payable account.
We now have made a payment to the tax office to pay down that tax liability.
Trying to process this payment through Manager - using cash at bank payments system. However, we can’t find the Tax payable account under the accounts drop down box, so as to allocate our payment there. It is as if the Tax payable account does not exist on the system (but it is definitely on the Chart of accounts.)
We are not able to access the tax payable account via journal entry, either.
Is there some error in my original accounts setup which is preventing this? Or is it maybe a bug?
Please can someone advise. Thanks in advance.
It has been so long ago now but I remember that the inbuilt Tax Payable account is there as a “Placeholder” and you need to set up a separate liability account and select this new account in all your tax codes.
I tried to find some info in the Guides but since the New Guides it is difficult to find anything in them and lately the Chatbot has been giving erroneous or out of date info.
Anyway, I use a separate liability account that I have created called GST Payable.
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That makes sense. And as a workaround, that is a good suggestion.
Thank you for your help