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GRexx
Level 2

Internet Sales Tax Recording

In my Enterprise Solutions Desktop my company sells equipment on E-bay, and E-bay collected and pays, Internet sales tax on the equipment.  How do I record the sales tax E-bay collected on my PO (to E-bay),  and the sales tax that the customer paid on the invoice (from me) and then show it on the Bill that E-bay sends me with the freight, 10% Fee and TAXES on it.  RE: E-bay pays the state their sales tax and deducts it from our E-bay monthly invoice that I get with their fee they charge me.  So, this Internet Sales Tax shows up on my PO, Invoice and Billing.

2 Comments 2
Kendra H
QuickBooks Team

Internet Sales Tax Recording

Hi there, @GRexx.

 

I'd be glad to assist you with information about the sales tax collected by eBay.

 

Since eBay collects the sales tax, you don't have to record. Instead, you can mark the sales as non-taxable in QuickBooks Desktop.

 

Here's how:

 

Set up the non-taxable status of an item

 

  1. Go to the Lists menu, then choose Item List.
  2. On the Item List window, click on Item then New (or Edit Item).
  3. From the tax code drop-down, go to Non-Taxable Sales (or Non-Taxable Labor).

To make sure you get the support needed, I'd suggest reaching out to your accountant as well. I'm also providing a detailed article with additional information about sales tax in QuickBooks Desktop: Sales Tax in QuickBooks Desktop

 

If you have any more questions, please don't hesitate to reach back out. Thank you for reaching out to the Community. Happy Thursday!

Fiat Lux - ASIA
Level 15

Internet Sales Tax Recording

If your eBay payments are processed through PayPal, you can connect your eBay account to this AST Filling and Reporting. Then consider to migrate the data  by an importer tool to QBO.

https://taxjar.grsm.io/mytax

 

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