Accounting Ideas

Allow nominal account under 'Taxation'

Currently in Sage Accounting on the smart report; Reporting / Profit & Loss Standard there is a line near the bottom of the report, "Taxation". However it is not possible to create a nominal account that rolls up too "Taxation". I have no idea why, for a limited company, it is not possible to post to the "Taxation" line for the annual corporation tax charge. I have spoken to fellow accountants that agree we should be able to post to this line, see attached for report extract.

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  • Mar 9 2023
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