Tax Payments

Record tax payments

After you have paid the taxes you owe to the respective tax authorities, you can record those payments. Tax payments will be in accordance to the tax basis (accrual or cash) chosen in the organization profile. Before recording a payment, please make sure you’ve configured a bank account or a credit card. To record a tax payment, follow the steps below:

Tax Payments Image

Generate Tax Due

Tax Payment

Record payments with an adjustment

You can make an adjustment to the tax you owe in case of any rounding differences, penalties or discounts. To record a tax payment with an adjustment:

Apply tax adjustment

Now that an adjustment has been applied, the corresponding payment has to be recorded. Click Save in the Record Tax Payment form to record the payment with the adjustment.

Record tax payment with adjustments

You can find the list of tax adjustments applied in Tax Adjustments tab.

Payment History

To view the tax payments you have made:

Payment history


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