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Running into an issue where we end up with negative numbers under Taxable Sales in the Sales Tax Revenue Summary that is generated based on negative numbers from original invoice.
Negative line items on invoice are being taken as credits, I think, that then show up as payments on the invoice even though the invoice has not actually been paid. So, what ends up happening is that I am taking credits for sales tax revenue not yet collected. I am unsure of how to fix this.
Hello A1C,
I want to ensure that I'll provide a more specific answer to your queries. With that, can I have the details below?
Once I have these details, I'll ensure to resolve your concerns.
Hello @A1C,
Re: I am taking credits for sales tax revenue not yet collected.
QuickBooks calculates applied payments/credits per line item.
On partially paid invoices, each line item will show the amount paid according to its ratio of the total invoice amount.
While an item line with a positive amount gets its portion of the payment, a negative amount will show as a negative amount in the Paid Amount column.
In your case, the fact that the total is a negative, indicates that you may have other item lines on this invoice marked as not taxable and therefore, they are not included in the Taxable Sales report.
So there is nothing incorrect from what is visible on this report.
Let us know if this helps and if you need further assistance.
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