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danebrood
Level 1

Sales tax paid for year before I started using QB online

Hello, I just started using Quickbooks Online this year, though the business was running before. The books' history starts Jan 1st this year, cash basis.

 

I have a sales tax payment made for tax collected last year though in my bank imports. What kind of adjustment do I make so that this outgoing amount is handled correctly?

Solved
Best answer February 10, 2020

Best Answers
Kristine Mae
QuickBooks Team

Sales tax paid for year before I started using QB online

Let me help you record the sales tax payment, Danebrood.

 

An adjustment is created if you've received a tax credit, discount, or fine. We don't have to create any adjustments in your case. We'll have to pay the sales tax the normal way, then make sure the payment date is correct. Here's how:

  1. Click Taxes, then go to Sales tax.
  2. Select the month/quarter in due, then click View return.
  3. Click Select filing method, then select File manually.
  4. Enter the amount, add the Payment date, then select the bank account. 
  5. Click Record payment

I'll share the article on how to set up and use automated sales tax in QuickBooks Online

 

Leave a comment below if you have further questions. We're here to help you. 

View solution in original post

3 Comments
Kristine Mae
QuickBooks Team

Sales tax paid for year before I started using QB online

Let me help you record the sales tax payment, Danebrood.

 

An adjustment is created if you've received a tax credit, discount, or fine. We don't have to create any adjustments in your case. We'll have to pay the sales tax the normal way, then make sure the payment date is correct. Here's how:

  1. Click Taxes, then go to Sales tax.
  2. Select the month/quarter in due, then click View return.
  3. Click Select filing method, then select File manually.
  4. Enter the amount, add the Payment date, then select the bank account. 
  5. Click Record payment

I'll share the article on how to set up and use automated sales tax in QuickBooks Online

 

Leave a comment below if you have further questions. We're here to help you. 

View solution in original post

danebrood
Level 1

Sales tax paid for year before I started using QB online

Thank you, your information helped me figure it out.

 

It wasn't working for me before, but I added a single sale from last year, and then I was able to get an option for viewing last year's return, apparently without any sales, it won't let you. Once I added the 1 sale, I was able to follow your steps.

 

Thanks 

Rach31323
Level 1

Sales tax paid for year before I started using QB online

I'm having the same issue but am not seeing how to solve this.

 

I just started using quickbooks for my 2020 bookkeeping. There's a bank account transaction from January of 2020 which was my payment of 2019 sales tax. Since I am not entering all of my 2019 sales ( this would take hours and I've filed 2019 taxes so no need to go backwards) , how do I categorize this? I don't want it showing on my profit/loss report since sales tax is not a business expense. I do not see any way to import or manually add my 2019 sales tax returns. 

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