This article covers how to pull sales tax reports from QuickBooks online, allowing you to file your state sales taxes more easily.
Training Guide: Pulling Sales Tax Reports from QuickBooks
Objective: This guide aims to instruct users on how to extract sales tax reports from QuickBooks.
Duration: The process takes approximately 3 minutes.
Procedure:
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Accessing Sales Tax Reports:
- Start on your QuickBooks dashboard.
- Navigate to the left sidebar and select 'Taxes.'
- Click on 'Sales Tax'.
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Understanding Sales Tax Agencies:
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The screen displays sales tax agencies for which taxes have been collected, such as California and North Carolina.
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Reviewing Tax Periods:
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Each state shows a specific tax period.
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For example, California might be set as a monthly payer (January 1st to January 31st), while North Carolina could be quarterly (January 1st to March 31st).
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Selecting the Relevant Period:
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Scroll to find the desired period for the report, such as the previous year, if the current period lacks data.
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Accessing Detailed Reports:
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Choose a specific month.
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Click 'View Tax Return' and then 'View Liability Report' for detailed tax collection information by county.
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Recording and Confirming Tax Payments:
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For C2 Accounting county monthly or quarterly clients:
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Send confirmation of tax filing to C2 Accounting for proper recording in QuickBooks.
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For non-recurring clients:
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Record the payment independently in QuickBooks.
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Click 'Record Payment' under 'Review Tax Return' to document the payment.
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Understanding Payment Discrepancies:
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Be aware that the amount due in QuickBooks may differ from the actual amount due to rounding differences or state credits.
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