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Community > Using Xero >

Can Xero Automatically Calculate Income Tax?

Started by Eddie Rosser -   in Using Xero


I would like to know if it is possible in Xero to automatically calculate and include the tax expense in the P'n'L for a certain period and then flow this through to the Balance sheet for the end of the period.

I thought that maybe using secondary accounts in the new P'n'L report might be the way to go but wasn't sure.

Any pointers in the right direction would be great thanks.
Hi Eddy,

No Xero won't do this in the standard profit and loss reports, it would need to be journalled in.


Tracy Mawson  

Thanks Tracy. I had suspected this might have been the case but wasn't sure.

Eddie Rosser