One of the expenses my company makes is paying council tax. I do not see any category for tax payments. Which category should I use for tax payments to local council?
Hi,
Introduction
Adding new nominal accounts is a good way to separate out specific income streams and provide more granular categorisation on your outgoings. Be careful not to go over the top creating new nominal accounts, in most cases you can use one of the existing codes. The current presets are based on accepted accounting standards and it is unlikely in most cases that you will need to elaborate further on these.
That said, if you wish to add a new nominal account you are able to do so from …
system
21 May 2023 10:47
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