Online Sales Tax & Remittance to States & How to record on the books

You'll need to record these transactions correctly to ensure your books remain accurate. Let me walk you through the steps in recording the taxes in QuickBooks Online (QBO), Chris.

Yes, you're correct about reducing your sales tax liability when recording your taxes in QBO. To record these transactions, you can go to your sales tax center to ensure your books remain accurate.

Here's how:

1. Go to the Taxes menu and choose Sales tax.
2. From the list of Sales Tax Owed, pick the tax agency for which you want to record the payment, then click on Record Tax Payment.
3. In the Bank Account dropdown, choose the account from which you will make the payment.
4. Set the Payment Date.
5. Enter the payment amount in the Tax Payment field.
6. When ready, click Record Tax Payment. If you need to print a check, select the Print a Check option and then click Record Payment and Print Check.

Furthermore, you can refer to this article to have detailed steps in recording your tax payments in QBO: Manage sales tax payments in QBO.

Additionally, you can file your sales tax payment once you're ready to file. Refer to this article for detailed steps: File your sales tax return and record sales tax payments in QBO.

To maximize the efficiency of your financial processes by collaborating with our QuickBooks Live Expert Assisted team. They're veterans in the field, known for smoothing out financial operations and offering insights tailored to your business. One click connects you to a more prosperous financial path.

These steps ensures that your sales tax liabilities are correctly recorded and reduced by the amounts Shopify remits, keeping your financial records accurate and streamlined. If you have further concerns, feel free to comment. I'm always here to help.