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When using the taxes feature in QB online, should I be matching my recorded tax payments to a checking transaction? Or do I just exclude the transaction in checking?

I made my first sales tax payment in November (e-filed).  I used the sales tax feature in QB online to figure this amount and to record the payment.  But when I go through my checking transactions, it appears that QB won't allow me to match that transaction to the 'sales tax payable comptroller' account (its a liability account that I am assuming QB generated).   So do I just exclude this transaction in checking and move on?  confused.
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QuickBooks Team

When using the taxes feature in QB online, should I be matching my recorded tax payments to a checking transaction? Or do I just exclude the transaction in checking?

Hi, marylanai.

 

Matching your bank transactions is my top priority, so let me lend you a hand in matching them to your recorded tax payments.

 

It is recommended that you match your checking transaction to your tax payments. This is to avoid any duplicate entries and ensure that your books won't experience any discrepancy. With that said, I'm happy to see that you already attempted this.

 

Also, you're correct, you can't match downloaded transactions to the Sales Tax account or any other account for that matter. They need to be matched to transactions, such as invoices, bills, or checks (sales tax payment or bill payment). The following steps below will help you with that process:

  1. Go to the Banking page, and make sure to select the correct bank account.
  2. In the For Review tab, find the charge and click it to highlight.
  3. Select Find match.
  4. Change the From and To dates if necessary.
  5. Check the correct sales tax payment.
  6. Hit Save, then repeat this process from step 3 for the other charges.

For additional information on this, I recommend the following article: How to add and match downloaded banking transactions

 

That should do it! You'll be all set with your bank charges and bill after you follow these steps.

 

You're always in good hands here in the Community. If you need more help with your bank transactions to reach out to me again. Wishing you and your business continued success!

 

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