Tax payable account in manual journal
Option to post manual journal for tax payable account - global edition
AdminReshma
(Community Manager, Zoho Corporation)
shared this idea
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Anonymous
commented
If you can believe it I was advised by a Zoho agent that: "We are really sorry to inform you that in Zoho Books, we don't have an option to post manual journal for tax payable account to reduce the amount being tracked. To reduce the amount you will have to manually edit the invoices and change the tax % and this is the only option to correct the amount tracked under tax payable"
Um, no! That would make a huge mess of my books. I need to make a correcting entry as previously sales tax liability reports were run on cash basis and didn't match the Sales Tax Generated, and therefore Sales Tax Adjustments were made. I need to correct those now that I see the reports were run in the wrong basis. Changing actual invoices affect P&L, Sales, and a whole variety of things. That is absolutely NOT professional or sound advice.
What is Zoho's reason for failure to address this critically fundamental failure to allow companies to make manual journal entries to ALL of their accounts?!
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Anonymous
commented
It is mind blowing that Zoho has failed to address this massively fundamental accounting issue for 6 YEARS! Meanwhile they come out with a new app every other month. PLEASE FOCUS ON MAKING YOUR CURRENT ESSENTIAL CORE APPS (ie. the ones that handle company's FINANCIAL STATEMENTS) rock solid. It is unacceptable for this to have been overlooked for so many years, preventing us from being able to do REQUIRED YEAR END JOURNAL ENTRIES to reconcile books! PLEASE PROVIDE AN UPDATE TO YOUR CUSTOMER BASE ON THIS ISSUE!
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Brenda Cholin
commented
All accounts should be made available for manual journal entries - how do we reconcile to YEnd financials if we cant effect all accounts
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Mark Gillis
commented
This should be super easy to program and is very important!
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Anonymous
commented
Any update for this? This is very important