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L
Lhack
April 1, 2023
Question

Daily Sales that includes the Sales Tax

  • April 1, 2023
  • 1 reply
  • 0 views

At the end of each day a Sales Receipt is printed off the cash register with total sales for that day.  The problem is, sales tax is included in that number.  Is there a line item that can be created that will back out the sales tax leaving a subtotal so that so I can apply the tax rate and my sales tax liablity is correct?

1 reply

J
JamesM4
April 3, 2023

Hi 6830,

 

It's good to learn you're using QuickBooks to help record your income and expenses. I'll be happy to steer you in the right direction so you can continue to use the program with confidence. 

 

Based on the details you've shared, I can see the importance of backing out the sales tax leaving a subtotal. That being said, I highly recommend consulting an accounting professional that can help guide you on how to apply the line item. Otherwise, I'll also leave this question open so other accounting experts in the Community can share their expert advice so your books remain clean. 

 

You're more than welcome to ask questions below. I'm here to help you achieve your QuickBooks goals. 

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