[GNC] Help With Configuring US Tax Report Options For Income Returns & Allowances

[Keith Fetterman]

Hi,

I am attempting to configure the tax report options for an "Income > Returns & Allowances" account, which is a sub account of the “Income" account. I have the "Returns & Allowances” account configured as an Income type account so the account appears in the income section of an income statement.

I am unable to select the "Schedule C - Returns and Allowances” TXF category in the Tax Reporting Options for the "Returns & Allowances" account because the "Schedule C - Returns and Allowances” TXF category is only available for Expense type accounts and not Income type accounts. 

If I change the "Returns & Allowances” account to an Expense type account, the account disappears from the income statement.

I appreciate any feedback or ideas on how to configure the "Returns & Allowances” account is a contra-income account, so it appears in the income section of the income statement, and I can configure the "Schedule C - Returns and Allowances” TXF category for income tax reporting purposes.

Thanks
Keith