Hello there, FIOMPM. I'm here to share some information regarding Sales Tax.
In QuickBooks Desktop (QBDT), you can create a sales tax and assign it to the account that you've already created in your Chart of Accounts. It's recommended that you seek the guidance of your accountant to achieve precise outcomes as they have a better understanding of what suits your business and books best. It's also important to ensure that the items are routed to the correct account, you need to check if it has the correct Tax Code. Here's how you can do it:
Step 1: You can add a Sales Tax item
- Go to the Edit menu, and choose the Preferences option.
- From the left navigation panel, click Sales Tax.
- Tap the Company Preferences tab.
- Press Add Sales Tax item.
- Fill out the necessary information.
- Once done, press OK.
- Click OK.
Step 2: Check if the items have the correct account
- Go to the Lists menu located at the top of your company file.
- Double-tap a transaction.
- Check if the Tax Code dropdown is correct.
- Review the other details within the transaction, such as the Account dropdown.
- Once done, press OK.
On the other hand, changing and assigning the Sales Tax Payable to another account is currently unavailable. I suggest sending feedback so our Product Development Team can review it and consider your suggestion.
Here's how:
- Go to the Help menu.
- Select the Send Feedback Online option.
- Choose the Product Suggestion. A pop-up window will display on your screen.
- Type your feedback suggestion in the space provided.
- Click the Send Feedback button.
I'll leave an article for you to use when you're ready to pay your sales tax in QuickBooks Desktop through this article: Pay sales tax.
Feel free to get back to me if you have other questions, and I'll do my best to help you out.
