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I had a 3qt 2018 sales tax not paid in full. State did tax levy. How do i handle showing the amount of money applied to sales tax, penalties, interest and collection fee.
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Hi there, @bluedz.
You can create an expense transaction to record sales tax, penalties, interest, and collection fee.
However, to help you decide on what account to use when tracking these entries, I recommend consulting your accountant. They'll be able to provide you with the best course of action for your business.
To create a an expense:
For in-depth information, please refer to this article: Create, modify, and print checks.
I'm here to help if you have other questions about QuickBooks. Just let me know by leaving a reply below. Have a good one!
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Thank you for taking the time to answer my question. Just wanted to say i appreciate your time an effort to help.
Have a Blessed Day