Hi can anyone advise which Nominal account you would post payments for self assessment tax into please?
You may find this post to be useful:
http://community.quickfile.co.uk/t/allocating-tax-payment/329
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Hi,
There is a linked topic in which Joe, explains about
No Sole Trader Business Account Held: and talks about deleting the appropriate line from QF bank so if we were to do that how would the bank reconcile, or what journal entry should be passed if deletion was not an option.
Thanks.
Kube
If you search this forum you should find answers, but they all say that self assessment is a personal expense so you would usually just tag self assessment payments made from your business current account to proprietor drawings.