When starting a new file from an old one, Tax Payable becomes WET Payable.

Question

I am starting a new datafile. I Import all lists from an old datafile, including standard tax account setup. After import, the Tax Payable account is now called WET Payable as well as there being a WET Payable subaccount. ie. it has created duplicate accounts.

Answer

You need to rename the master WET Payable account to Tax Payable, by right-clicking the account and selecting edit. After renaming the account click on the account button at the bottom of the Chart Of Accounts and select Resort List, then do a Rebuild.

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