Having just done my 2019 tax return, I have received a refund from the ATO (a very rare experience).
However, from previous years, I had a larger tax liability and I have been paying that off monthly. This recent refund merely reduces that liability.
I can’t do a Receive Money as that will increase my Bank account balance. I can’t do a journal entry ( debit tax liability account…but credit what?).
I’ve coped quite well with Manager over the years and have become almost lazy in my understanding as it is such a good system to use. But the entries for this are confusing me.
Can anyone guide me please?