Entering corporate tax payments

Corporate tax payments are made as a liability payment (Type D-). Post the payments to Corporate Income Tax Payable.

Corporate tax refunds are made as a liability addition (Type D+). Post the payments to Corporate Income Tax Payable.

Corporate tax instalments are treated the same as corporate tax payments. Post instalments as a liability payment (Type D-) to Corporate Income Tax Payable.

Last updated on February 6, 2013 by FCC Management Software