When trying to reconcile my tax account I have found that there is a discrepancy caused by an opening balance in the tax payable account that I cannot remove nor do I know how it got there. Previously with the desktop version this was not there but now I am on the cloud version there is an opening balance of £100. How do I remove it?
This could be due to the change in how opening balance invoices are handled.
You should examine your opening balance invoices and see if any of them has a tax code applied.
Where would I start looking for that?
I did not have any opening balance invoices that I remember.
If your starting date is known to you, you can create a new balance sheet report as of that date. That would be a good place to start from.
Thanks. I’ll look into it
hey @mpb it seems we’ve run into a similar problem. did you manage to resolve this?
I was caused by an opening balance error that I resolved using a journal entry.