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Recording Tax on Expenses for wholesale business?


#1

So, I am new to Manager, this forum, my business AND accounting software so please bear with me. I am recording the past three months of receipts etc., in order to properly track my current inventory. Receipts for expenses paid had to be broken up some item by item to properly count inventory, fixed assets and the like.

My account doesn’t balance even though it should because the taxes aren’t there. Does anyone know where the taxes should be properly recorded (I’m a wholesale business so some is tax ‘credit’ I guess you would say for paying taxes when I shouldn’t be, yet some should be taxed). I’ve searched the forums, but to no avail.

Thanks,

Freaked Out Newbie