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Level 1

How to add sales tax amount to tax liability

A taxable item was not charged sales tax, so my sales tax liability report is not true to my sales.  Is there a way to add that sales tax amount to the liability report?

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Best answer 12-10-2018

Accepted Solutions
Level 15

@ joe click pay sales tax on the home page, click adjust,...

@ joe

click pay sales tax on the home page, click adjust, select the sales tax agency (vendor), select a sales tax paid expense account (create it if you need to first), click increase, enter the amount of the sales tax you should have collected, save

when it comes time to pay sales tax, insure you check mark both the normal sales tax due and the adjustment amount and then pay all tax

View solution in original post

7 Comments
Level 15

@ joe click pay sales tax on the home page, click adjust,...

@ joe

click pay sales tax on the home page, click adjust, select the sales tax agency (vendor), select a sales tax paid expense account (create it if you need to first), click increase, enter the amount of the sales tax you should have collected, save

when it comes time to pay sales tax, insure you check mark both the normal sales tax due and the adjustment amount and then pay all tax

View solution in original post

Anonymous
Not applicable

issue a credit memo without sales tax and then create a n...

issue a credit memo without sales tax and then create a new invoice with the sales tax.

Level 15

ahh doing that will create an amount in undeposited funds...

ahh doing that will create an amount in undeposited funds equal to the sales tax that should have been collected but has not been.
Anonymous
Not applicable

my inferenece was that the customer would then remit sale...

my inferenece was that the customer would then remit sales tax.
Level 15

If so  then that would work, but I did not get that from...

If so  then that would work, but I did not get that from the OP question
and since I would never ask a customer to pay for my mistake, my inference was that I would eat that amount
:smile:
Anonymous
Not applicable

i guess joe can use whichever method will work for him.

i guess joe can use whichever method will work for him.
Level 15

Of course, that is why we are here, to while away the tim...

Of course, that is why we are here, to while away the time until something important or at least interesting comes along
ROFL

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