DMan
Level 1

Sales Tax Payment Account

We have a gift shop and I pay the sales tax each month.  I know that sales tax is not an expense, but I am not sure what account to record it in in Quickbooks.  Can someone help me out?  Thanks.

Solved
Rustler
Level 15

Account management

You should be recording daily sales, and allowing QB to calculate sales tax for you, then you use the pay sales tax function on the home screen

 

Of course you do have to set up sales tax first, See this for a step by step how-to create and use sales tax (desktop)
http://onsale-apparel.com/Rustler/tag/how2-setup-sales-tax

 

sales tax collect is held in a sales payable liability account, then you pay it

View solution in original post

DMan
Level 1

Account management

Thank you!