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Sales Tax

We just started selling thru Amazon and I have a couple of questions.  1. I did not include sales tax on 3 previous invoices.  How do I put that into quickbooks so that I pay it even if we did not collect it.  2.  Amazon is taking a discount with each sale.  Currently I am putting that as an expense on the invoice, would that be taxable or non taxable and how would I get the sales tax amount to calculate accurate in that instance?

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Best answer 01-10-2019

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Established Community Backer ***

Re: Sales Tax

It's not really a discount, it is a fee they impose.  In the item list create a discount item called amazon fee, not taxable, and linked to the expense account you wish.

use that item on the sales receipt and enter the amount of the fee.

the sales tax issue requires a work around, open a sales receipt
line one - a service item for the total amount of the three invoices, set to taxable
line two - the same service item for same amount, but set the qty to negative one, and set it to non tax
the invoice will total to just the amount of the tax

in receive payments, select that tax invoice, and in cash back select an expense account for sales tax paid, and enter the full amount, save

1 Comment
Established Community Backer ***

Re: Sales Tax

It's not really a discount, it is a fee they impose.  In the item list create a discount item called amazon fee, not taxable, and linked to the expense account you wish.

use that item on the sales receipt and enter the amount of the fee.

the sales tax issue requires a work around, open a sales receipt
line one - a service item for the total amount of the three invoices, set to taxable
line two - the same service item for same amount, but set the qty to negative one, and set it to non tax
the invoice will total to just the amount of the tax

in receive payments, select that tax invoice, and in cash back select an expense account for sales tax paid, and enter the full amount, save

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