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YJPete
November 20, 2024
Question

The totals for my previous months sales tax liability report changes?

  • November 20, 2024
  • 1 reply
  • 0 views

I pay sales tax every month, sometimes I start them and finish them on different days. I can run a report on QB today and the numbers are different then they were yesterday for a month that ended a week ago. I have it set to cash not accrual. Any ideas what I'm doing wrong? Thanks for any advice. 

1 reply

G
GenmarieM
November 20, 2024

It's great to see you in the Community, @YJPete. Let me explain why your sales tax liability report shows a different total amount compared to yesterday.

 

It is important to note that when using the cash basis for your Sales Tax Liability report, unpaid invoices with sales taxes will not appear on the report, since the payment is not yet received. Also, if your sales tax is set to be calculated on an accrual basis, it will also affect the report.

 

Furthermore, it is crucial to identify the specific time periods you are comparing. Are the date ranges consistent across the reports? Even a minor change in the date range can result in significant differences in the reported sales tax figures.

 

Lastly, please visit this article if you need help personalizing your QBO reports: Customize reports in QuickBooks Online.

 

Keep me posted if you have other concerns about your Sales Tax Liability report or any QuickBooks-related tasks. Just use the Reply button and I circle back to help you.

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