Sales Tax refund from State due to invoice and credit memo in different periods

AL96 · ‎July 22, 2020

A customer was Invoice in March 2019, sales tax was paid for period ending the same. A credit memo was issue in May 2019 and reported for period ending June 2019. State refund check deposited January 2020.

How do I clear up the Sales tax Liability report? It shows the credit memo on Sale Tax - Los Angeles County but the refund under State Board of Equalization.

Thank you for your assistance.

JamesM · ‎July 22, 2020

Hi AL96,

Thanks for reaching out to the Community. Making sure you're recording your transactions the right way is a good exercise for preventing errors in your books. I'd be glad to steer you in the right direction so you can properly clear up the Sales Tax Liability report.

To ensure accuracy, I recommend contacting an accounting professional to get more info on this. If you're not in contact with one, I encourage you to search for one on our website using this link here. Doing this will help prevent any future discrepancies in your books. I also recommend checking out this helpful article which shows you how to: Adjust sales tax liability. Let me know if you have other questions by leaving a comment below. I'm here to help.

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Sales Tax refund from State due to invoice and credit memo in different periods

Sales Tax refund from State due to invoice and credit memo in different periods

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