Record new sales tax payments in the sales tax Center that charge the new rates you set up. If you have outstanding transactions using the earlier sales tax method, record sales tax payments the same way you did in the past.
If you've been using QuickBooks Online and paying sales tax using the earlier method, you may need to record sales tax payments using the earlier method and the sales tax Center for a time.Once transactions are re-associated, create a journal entry to move the liability from the new current sales tax liability account to the original sales tax liability account. Use the sales tax items at the bottom of the invoice.You'll need to edit each transaction that's part of the Original sales tax Payable amount. Payments recorded via Write Check will not appear in the recent sales tax payments table below" don't worry. Write a check to record a payment for this sales tax. If you see "This sales tax was recorded in the old sales tax system. If you were using the earlier sales tax system and not the sales tax Center Go back to the Taxes menu and delete the transaction.Select Undo to unmatch the transactions.It should be matched to another transaction. Find the transaction you want to delete.Select the bank account you used to pay for the sales tax payment.If the transaction is matched to a bank transaction Contact support if waiting and trying again doesn't resolve the issue" while deleting a transaction, don't worry. Please try again later" "We're sorry, we can't deactivate the sales tax you selected. If you see the messages "We're sorry, we can't delete filed tax right now. Note: After you delete a payment, the page doesn't refresh automatically. Look for and select to highlight the payment you want to delete.If you have questions, reach out to your accountant or tax agency. Rounding error: Select an income account for negative errors, or an expense account for positive ones.Fine, penalty, or interest due: Select an expense account.Credit or applying a discount: Select an income account, such as Other Income.Then select an account to track the adjustment. Don't select the sales tax Payable account. You can enter a positive or negative amount. 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.Įnter the adjustment amount and reason for the adjustment. If you need to make an adjustment, select and check the Make Adjustment box when you record a sales 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.
Here's how to manage sales tax payments and other tasks in the sales tax Center. You can run reports for your sales tax liabilities, record or edit sales tax payments, and see your sales tax owed for different time periods. The sales tax Center has everything you need to handle sales tax in QuickBooks. Learn how to record, adjust and delete sales tax payments in the sales tax Center.