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.