Posting income taxes paid in wave

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"I created a new account under the Equity>Retained Earnings: Profit Chart of Accounts and payed my tax bill from there. I named the account Federal/Provincial Income Tax, so that it's clearly shown on my Balance Sheet as such. Doing this eliminates having the expense as an Operational Expense on the P&L"

https://community.waveapps.com/discussion/1409/income-tax-and-hst-return

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  • 3 months ago by vince