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My Sales Tax Liability Report has three columns... Tax Agency Name (Rate%), Taxable Amount, and Tax Owed.First line of attached doc... If you mulitply: .045 * $2,142 = $96.39 in sales tax due. But QBO shows $71.54 due.There are multiple lines where this happens and I'm not sure why. What do you all think is happening?
Are you on an Accrual or a Cash Basis?
I ran across another post where @Rustler pointed out the numbers may not be correct if the report is not set to the same basis.