Taxes Payable - BC Bookkeeping Tutorials|dwmbeancounter.com

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Taxes Payable

Starting Balances > Other Liabilities
Tax Payable Starting Balance

Manager has a default Tax payable account; however, I recommend setting up your own Tax payable account. Doing this allows you to easily enter your starting balance  for this account.

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Starting Balances

The Starting Balance is entered using a Journal Entry.

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