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May 30, 2021
Question

Can u help. My bank statement shows deductions of $20 +$3 for commission and tax separately. How do I record this transaction to show the entire $3 going to tax acc?

  • May 30, 2021
  • 1 reply
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1 reply

DivinaMercy_N
May 30, 2021

Hello there, @BOL-2188.

 

You can directly add and post this tax transaction on your tax account register. To do so, please refer to these steps:

  1. Navigate to the Transactions menu.
  2. Click Banking.
  3. From the For Review tab, click the tax transaction.
  4. In the Category field, choose your tax account.
  5. Select Add.

 

I've added this helpful article for your reference: Categorise and match online bank transactions in QuickBooks Online.

 

Also, to guarantee that your bank balance and QuickBooks are matched, you need to reconcile your account regularly.  

 

If you need further assistance in recording your tax transactions, please leave a reply below. I'll be always around to help. Keep safe.