SandyL ✭✭
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- Username SandyL
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Re: Record income tax payment
@Colton I'm not sure you have found your solution. Using the Short or Long Term liability accounts will not treat your tax payments as a non-operational expense. Those accounts allow you to track and… (View Post)1 -
How to record GIFI 9990 in Wave to pay corporate income tax in Canada
In Schedule 100 Profit and Loss (Income Statement), I will use GIFI 9990 Current Income Taxes to indicate the federal/provincial income tax my corporation just paid for last fiscal year. It's listed … (View Post)1 -
Re: Income Tax and HST return
Hi Bowjest, My original solution was a lot of steps and in the end, the P&L only showed the transactions as liabilities, once I made the tax payment, those liabilities were removed from the P&… (View Post)1 -
Re: Income Tax and HST return
Hi Nir, in the end 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… (View Post)1 -
Re: Report Type default setting - Accrual or Cash
Hi Julian, I understand that setting a default report type isn't currently a function of Wave, I was hoping/recommending that it could become one. My question was confusing - sorry bout that! The def… (View Post)4
