hi i need to record payment to hmrc for the cis deductions.i did the purchase order were is shown the deduction of cis now i need to record a payment done to hmrc for the cis deducted.
please let me know haw should i do it
Hi Monica,
Record a Money Paid Out transaction paid to 'HM Revenue and Customs'. Set the Paid From Account to 'Cheque Account' and allocate to the 'Income Tax and NI Liability' account. If you are VAT-registered, set the VAT Treatment to 'Out of Scope'.
Regards,