This is a variation of similar question that was posted a few years ago.
Our small business pays sales tax on an annual basis. We also made the mistake of not using the “Pay Sales Tax” feature to record payments. Unlike the original question, we did use the “Sales Tax Payable” account in creating the payment, so the P&L for those years is correct.
The problem is that “Sales Tax Liability” summary is not correct in its detail. The bottom line is correct, but it shows the payments (credits) as separate lines labeld “- Other” instead of zeroing out the proper line. I know it is my fault for not using the “Pay Sales Tax” feature to record payments, and am looking for the cleanest way to straighten it out.
Any guidance would be appreciated.
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