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BrittanySM
Level 2

How to change the class on sales tax that has been paid

Morning!

    I am trying to run our balance sheet by class in QB enterprise, and all of my sales tax payments are in the unclassified column. I tried to go back to the payment and edit, but it doesn't give me the option to add a class to the payment. I went in my vendor list and all of the sales tax entities are classified correctly. What am I missing? (Our settings are: classify by name)

 

Thank you!

Solved
Best answer July 06, 2021

Best Answers
MariaSoledadG
QuickBooks Team

How to change the class on sales tax that has been paid

Allow me to provide some information and help you fix your sales tax payments showing under the unclassified column, BrittanySM.

 

The Balance Sheet by Class report lets you see your balance sheet by fund, location, or other categories you set up as classes. If you see the amounts in the "Unclassified" column, it means that QuickBooks can’t identify the correct classes for some transactions. You'll want to check if the unclassified amount is caused by a transaction that has no class. If so, you can add one to the transactions. To do this, follow the steps below.

  1. On the Balance Sheet by Class report, double-click the amount in the Unclassified column.
  2. On the Transactions by Account report, double-click the transactions that make up the unclassified amount.
  3. Look for a "Class" field or column on the transaction.
  4. Assign a class, then Save & Close.

However, if you're unable to add a class because there's no available field, QuickBooks doesn't support classifying the transaction. You can read these articles for more information.


QuickBooks also provides several kinds of reports so you'll know where your company stands. For your reference, here's an article for your guide: Understand Reports.

 

Let me know if you have any other concerns about your sales tax. I'm always right here to assist you further. 

View solution in original post

1 Comment 1
MariaSoledadG
QuickBooks Team

How to change the class on sales tax that has been paid

Allow me to provide some information and help you fix your sales tax payments showing under the unclassified column, BrittanySM.

 

The Balance Sheet by Class report lets you see your balance sheet by fund, location, or other categories you set up as classes. If you see the amounts in the "Unclassified" column, it means that QuickBooks can’t identify the correct classes for some transactions. You'll want to check if the unclassified amount is caused by a transaction that has no class. If so, you can add one to the transactions. To do this, follow the steps below.

  1. On the Balance Sheet by Class report, double-click the amount in the Unclassified column.
  2. On the Transactions by Account report, double-click the transactions that make up the unclassified amount.
  3. Look for a "Class" field or column on the transaction.
  4. Assign a class, then Save & Close.

However, if you're unable to add a class because there's no available field, QuickBooks doesn't support classifying the transaction. You can read these articles for more information.


QuickBooks also provides several kinds of reports so you'll know where your company stands. For your reference, here's an article for your guide: Understand Reports.

 

Let me know if you have any other concerns about your sales tax. I'm always right here to assist you further. 

View solution in original post

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