Tax Control Accounts

There are a number of Tax Control Accounts set up to track your tax liabilities and provide more detail on your financial statements.

Tax Control Accounts appear as Other Current Asset or Other Current Liability accounts in your General Ledger reports and Chart of Accounts.

To view your Tax Control Accounts:

1. Navigate to the Setup drop down.

2. Click Accounting.

3. Select Tax Control Accounts.

4. You will now see a list of your Tax Control Accounts.

001

Each Tax Control Account is defined as either a Purchase or Sale Tax Account Type.

002

You can view the tax liability for each tax control account on your Balance Sheet and other financial reports.

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