HI,
I am using server version 22.3.18. While making payment for Tax the drop don menu does not show Tax payable option. How do I activate this option. I have defined VAT and the tax is properly calculated. While making payment the option of Tax payable does not appear.
You have probably used the built-in tax liability account, Tax payable, which is only a placeholder. You need to create and use your own tax liability account. See the Guide: Create and use tax codes | Manager.
Matter resolved.
Thanks TUT
Hello,
I’m having the same problem as described above. Using the desktop-version: 22.3.9
When I create my own tax liability account and make a payment to the tax authority and assigning the payment to the new tax liability account, the amount of the built-in tax payable account, stays the same. Although the liability makes ‘zero’ (when the accounts payable are also ‘0.00’
Is there a possibilty to decrease the tax payable account to ‘zero’, so I can see throughout the year how much I owe the tax authority? Or is it just a matter of subtracting the amount in the new tax liability account from the amount in the tax payable account?
If you edit your tax codes to use the the account you created, then your tax liability will show the correct value
Read this post.
Hi Joe and Mark,
Thanks for your quick support!
Is it possible to remove the built-in tax payable account from the balance sheet, since it’s no longer useful?
Unfortunately, no.
Thanks for your quick reaction!
Too bad, but I’m glad it works properly now!
