Taxes that are created in invoice and customer credit notes will be displayed here. This report can be generated for years and months.
How to get there!
To Record a tax payment in myBooks click on Transactions> Tax Payment> Record Tax Payment.
Create Tax Payment
- Go to transactions
- Click on Tax payment mentioned under others
- Once the tax payment is clicked, tax payment will automatically generate for the current year
- To run the report for different year
- Click on the show by and choose from the drop-down menu
- Click on date range and the report will generate automatically
- The amount will be displayed once the GST filling is done for the selected month.
Record Payment
- Go to transactions
- Click on Tax payment mentioned under others
- Click on record payment located at a top right-hand corner in the summary of taxes
- Choose the date from the dropdown for the payment date
- Select the method of payment for paying through the field
- Choose the from and to date from the dropdown menu
- Enter the tax amount
- If there is an adjustment for this tax payment, you click on make an adjustment
- Three fields will load, you can enter the adjustment amount and you can select adjustment account from the dropdown menu
- Type adjustment reason for this entry and click on save to save the tax payment