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How do I enter a collection allowance credit for sales tax payments?

 
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How do I enter a collection allowance credit for sales tax payments?

A warm welcome to the Community, susanmoore09.

 

Entering a collection allowance credit for sales tax payment is pretty easy. You can enter this transaction by making a sales tax adjustment and I'd be glad to show you how:

 

  1. Click the Taxes menu.
  2. Select the agency you're recording the payment.
  3. Click Record Tax Payment.
  4. Fill all the necessary information.
  5. Mark the Make Adjustment box, then enter information about the adjustment.
  6. Select Record Tax Payment.

If you're using the Automated Sales Tax feature, here are the steps on how to do it:

 

  1. Click the Taxes menu from the left menu.
  2. Select the agency you're paying.
  3. Click View return.
  4. Click the + Add an adjustment link.
  5. Enter the reason for the adjustment, the account and the amount.
  6. Once done, select Record payment.

To manage your sales tax payments, see the following articles below:

 

I'm always here if you have any other questions about QuickBooks sales tax. Just leave a reply below and I'll get back to you.

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