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Manage tax payments

by Intuit•19• Updated 3 days ago

Learn how to record, adjust and delete tax payments in the tax centre.

The tax centre in QuickBooks has what you need to handle tax. You can record payments for different time periods and make adjustments as needed. In this article, you’ll learn how to record, adjust, and delete tax payments in the tax centre.

Here's how to manage tax payments and other tasks in the tax centre.

Note: If you don't see the features mentioned below, you may be using the tax feature. Learn more about setting up and using tax.

Review tax reports

Get a tax liability report

  1. Follow this link to complete the steps in product Open this link in a new window
  2. From the Type report name here ▼ dropdown, enter Tax Liability Report and select it.

The report shows each tax agency, the taxable amount of sales, and payments.

See all of your tax payments

  1. Follow this link to complete the steps in product Open this link in a new window
  2. To view the list of payments, select Payments tab and select View.

Manage tax payments

Record a tax payment

  1. Follow this link to complete the steps in product Open this link in a new window
  2. Select the Returns tab.
  3. From the list of returns, find the one you wish to record a payment for.
  4. From the Action column, select Record payment.
  5. From the Bank account ▼ dropdown, select the account you're making the payment from.
  6. Select the Payment Date.
  7. Enter the amount in Payment amount field.
  8. When you're ready, select Save.
  9. To view the payment:
    • Select Payments tab, find it in the list, then select View.

Adjust a tax payment

You can make an adjustment while filing your taxes.  

  1. In the Returns tab, select Prepare return.
  2. Enter date from the End date and Filing date â–Ľ dropdowns.
  3. On the Prepare tax return page select Adjust.
  4. Select account from the Adjustment account â–Ľ dropdown.
  5. Enter the amount from the Adjustment amount field.
  6. Select Save.
  7. Select Mark as filed.

Use this when you need to decrease or increase the amount of tax payment for things like credits, discounts, fines, interest, penalties, and corrections for rounding adjustments.

Note: tax can get complicated. If you have questions, reach out to your accountant or tax agency.

Delete a tax payment

  1. Follow this link to complete the steps in product Open this link in a new window
  2. Select the Payments tab.
  3. Select Delete from the Action column, then select Yes to confirm.

Note: After you delete a payment, the page doesn't refresh automatically.
Leave and come back to the Taxes menu. The payment shouldn't appear anymore.