Taxes on Expenses instead of Purchases
CWPharm
Member Posts: 1
Hi,
I have all my bank transactions listed under transactions in the accounting tab, rather than making each one as a purchase. When I run tax reports, it only shows tax from sales and purchases. How do I include taxes on items from my transactions in these? It's showing I paid $0 tax on purchases because they are listed as expenses.
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Comments
Hi, @CWPharm.
You can select the tax for transactions on the Transactions page. Just select your transaction and click "Add a sales tax, under the Category drop-down menu, on the panel on the right.
@CWPharm if you've already done as Alexia said, you might have set your tax as not recoverable.
If that's the case, you'll have to recreate that tax entirely and change it manually on all those transactions.