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February 23, 2021
Question

How to categorize in Quickbooks the amount paid to the Revenu Agency?

  • February 23, 2021
  • 1 reply
  • 0 views
The amount paid for the sale taxes

1 reply

February 23, 2021

Hi marian-nae,

 

QuickBooks makes it simple to manage your tax payments. I'd be glad to give you a hand by showing you how to manage your tax payments easily in QuickBooks. 

 

Here's how to record a tax payment:

  1. Navigate to the Taxes menu.
  2. Find the tax filing from the Filed section.
  3. Select Record payment.
  4. From the Bank Account dropdown, select the account you're making the payment from.
  5. Select the Payment Date.
  6. Select the outstanding tax payment and adjust the amount as needed.
  7. Click Add interest/penalty if you need to add one to the filing.
  8. Click Record payment at the bottom.

In case you need to delete a tax payment, check out these steps here:

  1. Go to the Taxes menu and go to the Payments tab.
  2. Select Delete. Then select Yes to confirm.

To also ensure accuracy in your books, I recommend contacting an accounting professional to get more info on recording the transactions. Doing this will help prevent any future discrepancies in your books. If you're not in contact with one, I encourage you to search for one on our website using this link here

 

In the meantime, feel free to ask other questions. I'm here to help.