How to calculate NC Sales & Use tax "Gross Receipts" using QBO Tax liability report? Would it be Gross Total less Tax Amount, Taxable amount less Tax Amount, etc.? - TIA

tanya-easyliving · ‎November 16, 2022

In NC, the 1st line item is "Gross Receipts", which is the total amount of gross receipts from your business operations that are sourced to the state. Do not include any sales and use taxes collected. You are not required to include gross receipts from real property contracts.

If you run the Monthly Sales Tax Liability Report on Quickbooks Online, you have the following columns: Gross Total, Non-taxable, Taxable Amount, and Tax Amount. How would you calculate the number to enter for Gross Receipts? Would it be Gross Total less Tax Amount, Taxable amount less Tax Amount, etc.?
Thanks in advance!

MirriamM · ‎November 16, 2022

Hello there, @tanya-easyliving.

I can see that you posted twice in this forum. Please click the link to get redirected to the original post answered by my colleague: https://quickbooks.intuit.com/learn-support/en-us/taxes/re-how-do-you-calculate-nc-sales-use-tax-gro....

To keep the conversation streamlined, I ask that you leave any follow-ups there.

If you have any other questions, you can always visit us. Have a great day!

tanya-easyliving · ‎November 17, 2022

I did that on accident. If we could delete the duplicate, that would be ideal. I didn't see a way for me to do that.

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How to calculate NC Sales & Use tax "Gross Receipts" using QBO Tax liability report? Would it be Gross Total less Tax Amount, Taxable amount less Tax Amount, etc.? - TIA

How to calculate NC Sales & Use tax "Gross Receipts" using QBO Tax liability report? Would it be Gross Total less Tax Amount, Taxable amount less Tax Amount, etc.? - TIA

How to calculate NC Sales & Use tax "Gross Receipts" using QBO Tax liability report? Would it be Gross Total less Tax Amount, Taxable amount less Tax Amount, etc.? - TIA

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