sql-ledger-users

[SL] Corporate taxes account?

[Stuart L. <sl...@cc...>]

This should be a quick one: In what account do I put the corporate
income taxes that the company pays? It would not be correct to put it in
5510 - Inc Tax Exp - Federal, right? (That's where employee Social
Security and Medicare taxes get taken out of.) Should I just make a new
account, such as 5570 - Corporate Income Tax - Federal?

TIA.
-- 
Stuart Luppescu -=- s-luppescu .at. uchicago.edu        
University of Chicago (^_^)/ CCSR 
才文と智奈美の父 -=-=- Kernel 2.6.20-gentoo-r
ASHes to ASHes, DOS to DOS. 

Re: [SL] Corporate taxes account?

[Rich S. <rsh...@ap...>]

On Wed, 10 Oct 2007, Stuart Luppescu wrote:

> This should be a quick one: In what account do I put the corporate income
> taxes that the company pays? It would not be correct to put it in 5510 -
> Inc Tax Exp - Federal, right? (That's where employee Social Security and
> Medicare taxes get taken out of.) Should I just make a new account, such
> as 5570 - Corporate Income Tax - Federal?

Stuart,

   This is a question that your accountant should answer for you.

Rich

-- 
Richard B. Shepard, Ph.D.               |    The Environmental Permitting
Applied Ecosystem Services, Inc.        |         Accelerators(TM)
<http://www.appl-ecosys.com>     Voice: 503-667-4517      Fax: 503-667-8863