Thank you both so much!
Louise.
On 2025-01-05 10:14 a.m., Murugan Mariappan wrote:
When you register the tax payment you have to split it into two
Cr: Asset: Checking account: Tax+Interest
Dr: Liability: Tax payable: Tax
Dr: Expenses: Interest expenses: Interest
Saludos Cordiales
I'm not an accountant, so be gentle with me!
I have an account set up for the money I owe the tax man. As I owe it.
I've created it as a liability.
When I pay it from my chequing account I Withdraw from the chequing
account, and transfer to the liability account. That reduces the total
amoun
the opposite. I get totals of everything that does NOT
have @bookeeping in the description field. I'm having a hard time finding
any documentation on how to use the closing entries pattern to help filter
a report. Maybe I'm going about this the wrong way? Any
