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Managing Sales Tax Payments in Quickbooks Online With the Support of Quickbooks

You will learn how to record, adjust and delete sales tax payments in the Sales Tax Centre

By the below given information.

Sales Tax Centre contains everything you need to handle sales tax in QuickBooks. Reports can be run for your sales tax liabilities, record or edit sales tax payments, and see your sales tax owed for different time periods.

Read below to know how to manage sales tax payments and other tasks in the Sales Tax Centre.

Important: If you don’t see the features mentioned below, you may be using the Auto Sales Tax feature. Learn more about setting up and using Automated Sales Tax.

Reviewing sales tax reports

How to receive a sales tax liability report

  1. Go to the Taxes
  2. Select View Report.

The report presents each tax agency, the taxable amount of sales, and the tax owed.

See all of your sales tax payments

  1. Go to the Taxes
  2. Under Recent Sales Tax Payments, select View All.

Following the above steps will open a transaction report that lists all your sales tax payments. To further refine the report, you can adjust the date range or select Customize.

How to manage sales tax payments

Record sales a tax payment

  1. Go to the Taxes
  2. From the Sales Tax Owedlist, select and highlight the tax agency you’re recording the payment for.
  3. Select Record Tax Payment.
  4. From the Bank Accountdropdown, select the bank account you’re making the payment from.
  5. Select the payment date and tax ending tax period ending dates from the dropdowns.
  6. Enter the tax payment amount in the Tax Payment field.
  7. When you’re ready, select Record Tax Payment. If you need to print a check for the payment, check the Print a Check checkbox and then select Record Payment and Print Check.

Adjust a sales tax payment

If you are needed to make an adjustment, select and check the Make Adjustment box when you record a sales tax payment. You can use this when you need to decrease or increase the amount of Sales Tax owed for things like credits, discounts, fines, interest, penalties, and corrections for rounding errors.

Enter the reason adjustment and its amount. You are allowed to enter both positive and negative amount.

After following the above steps select an account to track the adjustment. Don’t select the Sales Tax Payable account. Instead, use the following:

  • Credit orapplying a discount: Select an income account, such as Other Income.
  • Fine,penalty, or interest due: Select an expense account.
  • Rounding error: Select an income account for negative errors, or an expense account for positive ones.
Important: Sales tax can get complicated. If you have queries, you should reach out to your accountant or tax agency.

Delete a sales tax payment

  1. Go to the Taxes
  2. Look for and select to highlight the payment you want to delete.
  3. Select Delete Payment. Then select yesto confirm.

Important: The page doesn’t refresh automatically, after you deleted a payment. Leave and come back to the Taxes menu. The payment shouldn’t appear anymore.

On-demand assistance.

You can message your QuickBooks-certified bookkeeper or set up a live video appointment whenever you need help with sales tax payments.

In any scenario we recommend you to contact our QuickBooks Customer Support Number USA representative or you may even reach out to us via chat support. We are also available at just an email away support@quickbookssupport.net. You can also visit @ www.quickbooksupport.net.

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