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I'm here to help provide some insights about the negative amount on the Balance Sheet report, accounting156.
The negative will show on the sales tax liability once you make an overpayment in QuickBooks. You can view all the transaction to check if you made an overpayment.
If there is, you'll need to clear the negative amount in the sales tax payable by adjusting the sales tax liability. Check this article for the detailed steps: Adjust Sales Tax Liability in QuickBooks Online.
Also, I'd suggest consulting your accountant for specific suggestions on how to adjust the sales tax liability in QuickBooks. This is to ensure your books have accurate records.
For additional tips, while managing your transactions and sales taxes, you can as well open this article: Sales tax in QuickBooks Online.
I'm always here to help if you have any other questions about taxes. Just add a comment below. Wishing you a good one!
I'm here to help provide some insights about the negative amount on the Balance Sheet report, accounting156.
The negative will show on the sales tax liability once you make an overpayment in QuickBooks. You can view all the transaction to check if you made an overpayment.
If there is, you'll need to clear the negative amount in the sales tax payable by adjusting the sales tax liability. Check this article for the detailed steps: Adjust Sales Tax Liability in QuickBooks Online.
Also, I'd suggest consulting your accountant for specific suggestions on how to adjust the sales tax liability in QuickBooks. This is to ensure your books have accurate records.
For additional tips, while managing your transactions and sales taxes, you can as well open this article: Sales tax in QuickBooks Online.
I'm always here to help if you have any other questions about taxes. Just add a comment below. Wishing you a good one!
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