When you pull up the sales tax report, it typically shows a summary of sales tax collected and sales tax owed, farida1.
There are three sales tax reports that you can run in QuickBooks Online (QBO); these are as follows:
- Sales Tax Liability - this report shows how much sales tax you've collected and how much you owe to tax agencies. Under the Tax Amount column, you'll see the amount of the tax.
- Taxable Sales Summary - this report shows your total sales of taxable products and service.
- Taxable Sales Details - this report details your sales of taxable products and services, including the date, transaction type, customer, quantity, rate, amount, and balance.
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If you need more help with understanding certain figures, let me know.
