Reflect Income Tax Expense under the Net Profit/Loss line as a separate Account Type (COA)
Reflect Income Tax Expense under the Net Profit/Loss line as a separate Account Type (COA). The tax expense is included with the Operating Expenses which is technically incorrect.
A percentage tax rate under the line would also be really useful to users.
25
votes
Suretha Gess
shared this idea
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Gemma Theron
commented
this is an excellent suggestion and yes, including it in operating expenses is technically incorrect.
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Marta Le Riche
commented
There should be a seperate mapping category in the Xero CoA for tax to enable reports in Xero to clearly show pre and post tax figures.