Hi I have a client who just wants me to complete his year end in Quickbooks, having carried out his own bookkeeping.
he has a set of accounts from his accountant, the P&L and TB are ok,
The problem I hope someone can help with is: the company show a profit on the P&L of 6.5k there is 1.5K corporation tax. so i need to show on retained earnings a profit for the year of 5k,
Currently all i am showing in retained earnings is the 1.5 CT payment
I need to make journal entries having trouble working out what to were, will be very gratful if anyone can help.