Quickbooks and Coorporation Tax

[JoeCM2]

How do you guys manage your coorporation tax within quickbooks. I.e. where to post it in the journal etc

Quickbooks wont offer any support for coorporation tax

 

[Scalloway]

From here

https://quickbooks.intuit.com/learn...do-i-record-uk-corporation-tax-paid/01/282328

For the corporation taxes paid create a Other Expenses type account and post transactions through a Bill/Expense these type of expenses are not allowable for the purpose of calculating corporate tax.

If the exact amount of the corporation taxes are unknown you can create Provision for corporation taxes until the exact amount is known then reverse the over/under provisions.