Setting up new Tax Payable Account

Loretta Wisdom-Zagon
Loretta Wisdom-Zagon Member Posts: 40 Reckoner Reckoner
in Reckon Accounts (Desktop)

Please advise if it is really necessary to set up dummy accounts to make entries for each tax code as per Reckon help instructions in order to complete June BAS in July in a new company rather than bringing in a balance at the Tax Payable account?  Pros/Cons?   With thanks

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  • Kris_Williams
    Kris_Williams Member Posts: 3,699 Reckon Accounts Hosted Elite Expert Reckon Accounts Hosted Expert

    What do you mean, I have never setup a new Tax Payable account, I don’t even think it’s possible. What would be the advantage?

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