How to Change Tax Payment in QuickBooks

QuickBooks Sales Tax Payments

In QuickBooks ‘Sales Tax Center’ is the place where you can make any change to your tax payments. This article will seek to assist with the general changes that one may require to make in the QuickBooks. So let us start!

Change-tax-payment-in-QuickBooks

How to view sales tax liability report on QuickBooks:

Please follow these steps:

  • Open QuickBooks.
  • On the left-hand side, you will find the ‘Taxes’ button. Please click on it.
  • Select ‘View Report.’
  • You can view details such as the taxable amount of sales, the tax owed, agency details, etc.

How to record the tax payment on QuickBooks:

Please follow these steps:

  • Open QuickBooks.
  • On the left-hand side, you will find the ‘Taxes’ button. Please click on it.
  • Open the Sales Tax Owed option.
  • Change Tax Payment in QuickBooks.
  • Choose the tax agency you wish to record the payment for.
  • Here you need to enter the details such as:
  1. Bank account number.
  2. Payment date.
  3. The end date of the tax period.
  4. Amount of Tax.
  5. Any inputs or comments you wish to submit along with the payments.
  • If you wish to make any adjustments to the tax amount then click on ‘Make Adjustments.’ Please note:
  1. This option can be used only for the ‘Sales tax Owed’ category.
  2. Here you need to supply the dollar amount of the tax.
  3. The change can be either positive or negative.
  4. You can supply the reason for the change that you are making. This is optional though.
  5. You need to supply the details of the account which has been used to makes the adjustments.

Note: DO NOT use the ‘Sales Tax Payable’ account as it will fail to make any tax adjustments.

  • To print the check for the payment you can click on the ‘Print a check’ option.
  • If you don’t require a print, then straight away click on ‘Record Tax Payment.’

Note: You can still print the check in the future, by finding the payment check in the ‘Print Checks Queue’ option.

How to delete the tax payment on QuickBooks:

Please follow these steps:

  • Open QuickBooks.
  • On the left-hand side, you will find the ‘Taxes’ button. Please click on it.
  • Click on the ‘Recent Sales Tax Payments’ option.
  • Choose the payment you wish to delete.
  • Click on ‘Delete Payment.’
  • You will be then asked to confirm your decision. Click on ‘Yes.’

After you have deleted the payment, you will notice that the page hasn’t got refreshed and the payment is still displayed. Don’t haste into refreshing the page or deleting the desired payment again; as it will lead you to an error. Instead:

  • Exit the Sales Tax Center.
  • Log in again and you will see the desired changes have been made.

Scope of Service:

We hope this article gave you a good insight into the Change Tax Payment in QuickBooks. For any issues:

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Source: 99accounting

 

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