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February 18, 2021
Question

I splitted an account of payment transaction with no tax but its being accepted, what can i do?

  • February 18, 2021
  • 1 reply
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1 reply

AlexV
February 18, 2021

Welcome to QuickBooks Community, userchristiana.

 

Are you referring to a downloaded bank transaction that you need to add a tax? If so, we can create a tax adjustment. This option allows you to adjust the amount in the tax payable account to correct tax liability.

 

First, you'll need to set up an account for tax adjustment. It should be an expense account if you need to increase your tax due. Once done, please follow these steps:

  1. Go to the Taxes menu, find the period you need to adjust, and then select View return.
  2. Click Add an adjustment and the Reason for the adjustment.
  3. Select the Account for adjusting tax.
  4. Enter the Adjustment amount, and then select Add.

 

Also, here are the detailed steps on how to create or delete a tax adjustment

 

Need help in reconciling an account? Check this link: Learn the reconcile workflow in QuickBooks.

 

Leave a comment below if you need more help. I'll be here!