Record Sales Tax in QuickBooks

  • December 28, 2023

For QuickBooks online taxes the total calculation of the tax is saved in QuickBooks. The records of sales tax are used when the final transaction or invoice is generated.

To generate the sales tax there is an option in the menu bar of QuickBooks and then record tax payment where the tax codes and all the valuable details about the product tax and transactions would be mentioned.

The invoices are used to download the taxes where the detailed version of the bill and the online taxes would be mentioned. This helps QuickBooks to get the expense made during the order and helps in QuickBooks sales tax payable.

To View the liability report of Sales Tax:

  • Go to the left menu, and click on Taxes.
  • Now, click on the blue report.
  • The report will show all the agencies, sales taxable amount, and the tax you owe.

To Record the Tax payment

  • Go to the left menu, and click on Taxes.
  • Click on the tax agency and the payment will be recorded in the list that owes sales tax.
  • From the bottom of the payment, click on the record tax payment.
  • Enter complete and specific information. It includes:
    • The bank account that you use for payment.
    • The payment time and date.
    • Tax period end date.
    • The tax amount you are paying.
    • If you want to make adjustments in the amount, click on Make Adjustment, and enter respective information about adjustments.
  • Notes about the payment you are making.
  • If you don't need to print a sales tax check, click on Record Tax Payment.
  • To click the payment check, click on "Print a Check" and then select Record Payment and Print Check. This will send the check to the Print Checks queue then, select the check and print it.

Delete a tax payment:

  • Go to the left menu and click on the Tax payment.
  • Now, go to the Recent Sales Tax Payments, select the question, and highlight the payment.
  • Now, click on Delete Payment.
  • Once the confirmation screen opens, click yes on it.

Edit a tax payment amount:

You are not allowed to edit a tax payment in QuickBooks; rather. Now, instead of editing, all you can do is delete the payment and make a fresh record of payment.  The steps are followed like this: first, delete the payment and then make a fresh record of the payment.

View a report of all your sales tax payments:

  • Go to the left menu, and click on next.
  • Click on Recent Sales Tax Payments and then click on View All.
  • Then, this will take you to the transaction report that will show all the tax payment lists. The data range option can be adjusted and the selected report can be customized to narrow down the report further.

To Avail our Assistance:

We assure you that the SMB QuickBooks tech support team will answer all your queries in the best possible way ensuring that you are satisfied completely.

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