Learn how to record, adjust and delete sales tax payments in the Sales Tax Center.
There's a lot you can do in the Sales Tax Center.
In this article, we'll explain how to view, change, and delete sales tax payments from within the Sales Tax Center, view reports, and troubleshoot common issues.
|Note: If you don't see the features mentioned below, you may be using the Auto Sales Tax feature. Check out Set up and use Automated Sales Tax for more information.|
To record a tax payment, follow these steps.
The Make Adjustment Option is used to decrease or increase the amount of Sales Tax owed. For example: credits, discounts, fines, interest, penalties, and corrections for rounding errors all count as adjustments.
When entering the Adjustment, you'll need to fill in:
|Note: Any questions about your Sales Tax situation should be directed to your accountant or tax agency.|
These issue are caused by either the books being closed for the period the transaction is dated. Or it happens when the Sales Tax Payment has been matched to a banking transaction.
Error: The transaction was matched to a banking download
3. Once transactions are re-associated the customer needs to do a journal entry to move the liability from the new current sales tax liability to the original sales tax liability account.
Things to know