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Join nowA customer purchases and pays for an item that is taxable this month. I pay the state sales tax and then the customer returns the item and I have to refund the tax to them the next month. Where do I make the adjust for the next months tax report? And how do I adjust the return of the item with the sales tax?
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You sell something on a Sales Receipt or Invoice.
You accept the Return by using that same information on a Credit Memo. There is a Refund Icon at the top. You control the Taxable status here, the same as on the sale form. This already reverses everything about the sale, because that is the job of using Credit memo = reverse the sale.
You sell something on a Sales Receipt or Invoice.
You accept the Return by using that same information on a Credit Memo. There is a Refund Icon at the top. You control the Taxable status here, the same as on the sale form. This already reverses everything about the sale, because that is the job of using Credit memo = reverse the sale.
"and then a report on any returns that have come in from previous months where I already paid the sales tax to the state. Then I send the accountant a report with the taxes for this month minus the return taxes."
The credit memo takes care of everything for you.
Enter a taxable credit memo when they return the sale.
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