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Review sales tax reports

by Intuit Updated 2 days ago

QuickBooks Desktop makes collecting, tracking, and remitting sales tax more convenient.

You can run reports that will help you review your sales tax payable, so you can make sure everything is accurate before paying taxes.

Sales Tax Liability report

The report shows a summary of sales tax you’ve collected and owe to your tax agencies. This includes (by tax agency/district):

  • total taxable sales
  • total nontaxable sales
  • tax rate
  • tax collected
  • sales tax payable as of

Tax collected is equal to the total taxable sales multiplied by tax rate. This is the total amount you have collected from your sales transactions. Sales tax payable, on the other hand, is equal to the total tax collected minus the payment you’ve made within the date range selected for the report.
Note: Sales tax payable column includes the payments you’ve made so it won’t always match the total tax collected.

To access the report, go to Reports > Vendors & Payables > Sales Tax Liability.

Sales Tax Revenue Summary report

This report provides a summary of sales by tax agency and sales tax code. It also provides the total sales for each tax code, which can be helpful when you are preparing sales tax form.

To access the report, go to Reports > Vendors & Payables > Sales Tax Revenue Summary.

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