Bill Payment

megh9contact

Dear Team,

We need to deduct 10% Tax on all vendor bill and deposit that 10% to govt at then month end.

We created a liability account "Tax payable' and used to make bill payment of 10% using this account and 90% using bank account.

At the month end, we used to pay that 10% liability from Bank. It was working fine.

For last 2-3 days, we are facing problem that "Tax Payable" Liability account is not visible in list of accounts. Only asset accounts are visible.

Is something changed recently? We are really struggling and if it does not work, we might need to change whole process.

Please help