Tax liability on Cashbook

For the discussion of issues affecting the day to day running of all MoneyWorks products.
Forum rules
This forum is not the official Cognito Software support channel for MoneyWorks. If you need help from Cognito, then please contact us (or your local regional support representative) directly using the contact information on the Support page of the web site.

Please try the search facility before posting a new topic to see if your topic has already been covered.

If you do post a new topic, it's a good idea to choose a Topic Subject that it a bit more informative than "Help!" or "A problem". If your topic is actually recognisable by people scanning the forum, you'll have a much better chance of getting a response. Thanks and have fun.
Post Reply
Posts: 1
Joined: 29 Mar 2019 22:21
Product: Datacentre

Tax liability on Cashbook

Post by licondam » 29 Mar 2019 22:22

Sorry, this is a bit of newb question

I'm trying to think how to represent my tax liability on Cashbook.

When I pay a salary I pay an amount to the employee, and an amount must be withheld to later go to the tax man, usually once a month. I've created a holding account for that liability, and presumably I need to journal that amount FROM somewhere. where do i do the debit from?


Post Reply