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paulswoods
Level 1

Can I show a refund check from the tax state tax commission?

Received a refund check from the tax comm. where do I show it?
1 Comment 1
Rasa-LilaM
QuickBooks Team

Can I show a refund check from the tax state tax commission?

I’m glad to see you in the Community, paulswoods.


Yes, you can show a refund check from the state tax commission. Let’s deposit the entry to track it in QuickBooks and use the taxes paid expense account for business taxed as a corporation.


Then, record the transaction under owner or partner equity investment for a sole proprietor or partnership company. With just a few clicks you can accomplish this task.

 

  1. Tap the New menu in the upper left and choose Bank Deposit under Other.
  2. On the Bank Deposit page, navigate to the Add funds to this deposit section.
  3. In the Account field, pick the bank account you wish to record the funds.
  4. Click the Received from drop-down and select your state tax agency.
  5. Key in the correct category type in the Account column.
  6. Press the Save and close button.state ref.png

For more insights into this process, check out this article. It includes instructions on how to combine deposits, remove or delete one, and a video for visual reference: Record and make bank deposits in QuickBooks Online.


We collated resources to help our customers perform any QuickBooks tasks seamlessly. Click here to access our self-help articles.


Don't hesitate to let me know if you have any questions. Please know the Community has your back, and I’m also here ready to help. Wishing you and your business continued success.

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