How do I add a credit to 'tax payable' under liabilities?

Hello,

In my first company, my ‘tax payable’ account is categorised as an ‘operating activity’ under the ‘cash flow statement’.

I recently set up a second company. I cannot seem to adjust ‘tax payable’ to be categorised as an ‘operating activity’ under the ‘cash flow statement’.

This seems to be stopping me being able to credit refunds (in my case a GST refund) to this account. My real objective is to add a refund to the ‘tax payable’ account, which has been paid into the bank account. There may be a better way to do this. Any help is appreciated.

Thank you.

If you created a new business, then the default Tax payable account is a placeholder account and you’ll have to create a new Tax payable account. To get more info, you can search the forum and read the corresponding guide.

See VAT account not visible - #5 by Tut