Tax Only Accounts

A Tax Only Account is an account that does not exist in the Accounting COA and is used to hold Adjustments.

1) Create a Tax Only Account by clicking the large + icon in the Account Type header (eg Revenue, Expense, Asset, Liability, Equity)

2)  You can name the Tax Only Account. The name you choose will be what is displayed on the tax return. Click the pencil icon to change the name.