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erroofing
Level 1

Credit Card Payments not listed on Sales Tax Liability Report QB desktop 2020

We are on a cash basis reporting system. When I generate my sales tax liability report, all of my deposits for the month are listed except for the credit card transactions.  I have selected all payments to be listed on the report. What am I missing? Is there a setting for credit card transactions somewhere in Quickbooks that I need to change?

Thank you.

Solved
Best answer January 12, 2020

Best Answers
BigRedConsulting
Community Champion

Credit Card Payments not listed on Sales Tax Liability Report QB desktop 2020

Credit card Payment Receipts, recorded as Receipt transactions in QB, don't include any sales or sales tax detail.  They need to be applied to Invoices that capture the sale and the tax.

 

View solution in original post

4 Comments 4
Rustler
Level 15

Credit Card Payments not listed on Sales Tax Liability Report QB desktop 2020

cash or accrual makes no difference

 

a CC is a loan, you pay the CC, paying down the loan

 

sales tax is for retail sales, not purchases which is what you do with a CC

erroofing
Level 1

Credit Card Payments not listed on Sales Tax Liability Report QB desktop 2020

These are credit card payments we received from customers. When you print the sales tax liability report, you can include all payments received (cash, checks, credit cards & e checks). It’s only including the payments we received by check, not credit cards.
 
*We figured out that the cc payment wasn't being applied to the invoice it was paying after we received it, therefore it wasn't showing up on the sales tax liability report.*
 
All good thanks.
BigRedConsulting
Community Champion

Credit Card Payments not listed on Sales Tax Liability Report QB desktop 2020

Credit card Payment Receipts, recorded as Receipt transactions in QB, don't include any sales or sales tax detail.  They need to be applied to Invoices that capture the sale and the tax.

 

View solution in original post

erroofing
Level 1

Credit Card Payments not listed on Sales Tax Liability Report QB desktop 2020

Yes, I finally figured it out. Thanks for your reply.

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