Hi there ap-applicantz-,
It's vital that all your taxes are set up properly so that the total to be filed to the government can be accurate. QuickBooks Online is a great tool able to help you keep track of sales and expenses so you know the profit of your company. I can provide some information about tax exceptions.
There are three causes for exceptions for an exception to appear:
- One or more transactions affecting a previous tax period have been added after the fact that this period was marked as filed
- One or more transactions from a previously filed period have been deleted after the period was marked as filed
- One or more transactions from a previously filed period have been modified after the period was filed
The exception is an amount affecting the current tax period to account for the previous tax period. To know the process you'd need to use to refile your taxes and if that is necessary, as well as to know if you should be making changes to these exceptions, I recommend speaking to your accountant. They'll be able t provide the best steps to make sure everything affects your books as well as the steps to refile. You can invite your accountant to your QuickBooks account by going to the My Accountant tab. You can also find an accounting professional near you that has experience using QuickBooks by clicking on the Find a pro to help option to help you in this section.
If you have any further questions, please feel free to ask them here.
