Hi, we are a small plumbing company. We chose to no longer have sales tax exempt status. We pay the sales tax up front with the vendors and then pass it on to our customers. How do I change this in quickbooks so that I no longer see sales tax as a liability?
I'm not an accountant, just trying to figure this out.
Hi there, plumbergal1.
You can record the sales tax payment removes the liability that appears on your QuickBooks company file. Here's how:
You can also adjust your liabilities when needed. Please refer to this article to learn more about the process: Adjust the sales tax amount you owe.
Stay in touch with me if there's anything else you need with your sales tax. I'll be around to help you.
Thanks for following up with the Community, plumbergal1.
I'm happy to hear MaryLandT was able to help with entering your sales tax payment and removing the liability.
You'll also be able to find many detailed resources about using QuickBooks in our help article archives.
Please feel welcome to send a reply here or create a new thread if there's ever any questions. Have a great day!