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StefanieP
June 30, 2023
Question

Sales Tax Report

  • June 30, 2023
  • 1 reply
  • 0 views

I just took over a new account.
There is a discrepancy between the Sales Tax Report and the GL. 
I know where the error originated and the GL is correct.
I would like to adjust the Sales Tax Report.  I understand that there is an adjustment functionality, but it hits the GL, which i do not want.
Is there a manual override adjustment to correct the Sales Tax Report only to match the GL?

1 reply

A
Alex M
July 1, 2023

Hi there StefanieP,

 

It's important that all your transactions are entered correctly so that your books are well-balanced. QuickBooks online is a great tool able to help you keep track of the taxes on transactions so you know the amount to remit to the government. I can provide some information about tax adjustments.

 

When using the feature to adjust, you do need to select an account to affect, but it can be the GST/PST/QST/HST payable account. This will make it so the amount will be adjusted on the report, as well as there being an outgoing and incoming amount for the in the account of the Chart of accounts, which cancel each other out.

 

If you have any other questions, feel free to reach out here.

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