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Categorising a corporation tax payment

So you've paid your corporation tax, now how do you categorise this to show the liability is paid?

Steven Anderson avatar
Written by Steven Anderson
Updated over a week ago

Once your accounts have been produced if there is corporation tax to pay this will show in Ember as a liability of the business. This can be viewed in the 'money business owes' report.

If you have paid the tax this will no longer be a liability so it is key to record this to ensure you have an accurate view of what the business actually owes!

When categorising you must ensure the 'corporation tax owed' category is selected as shown below so that the payment nets off against the outstanding balance:

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