Not what the Canadian (Federal) taxing authorities do with payroll taxes. They have a separate account for arrears, and interest goes there as well. As far as I can tell, this is just to baffle the poor taxpayer, so if you ever get in arrears, you have to be sure to tell them the next payment is to go there, and not to your regular payroll account…
Gag me with a spoon. To the OP’s question, I agree, although you might not have a Liabilities:Property Tax account, in which case it would be Liabilities:Accounts Payable. > On Jan 30, 2022, at 11:17 AM, Stan Brown <the_stan_br...@fastmail.fm> wrote: > > Why not do what the taxing authority almost certainly does? As soon as > you incur that late fee, do a transaction > Debit: Expenses:Late Fees > Credit: Liabilities:Property Tax _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
