Hi, I am wondering where to put the tax on corporate profit.
My understanding from accounting training is: 1) As long as not paid it would swap between Equity and Liability, i.e. the equity shrinks by the tax amount and the liabilities increase by the tax amount. 2) At pay date it would be an asset-liability decrease, i.e. financial assets and liabilities shrink by the tax amount. Now ......... I understand that gnucash has no separate Equity account, at least as long as the books are not closed. So how to book step 1)? Thanks and best regards Karl _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
