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J
JonathanK
October 27, 2021
Question

Sales taxe adjustments

  • October 27, 2021
  • 1 reply
  • 0 views

Hello,

 

I haven't collected sales taxes for some items because they weren't properly added into our POS system and I need to adjust the amount I'm owing. I'm trying to add an adjustment on my sales tax but it's asking me to which account I would like to add it into, do I add it directly into my liability account for this specific tax? (PST Payable (BC))

What about commissions?

 

Thanks!

1 reply

T
Trish_T
October 28, 2021

Hi JonathanK,

 

Welcome to Community!  Ensuring your directing your sales tax adjustment to the appropriate account in QuickBooks Online is vital to keep your books accurate and reconciling a breeze. I'd recommend reaching out to your accountant for expert advice in this situation, to ensure the transactions are also hitting the sales tax center in accordance with government regulations.  If you don't have an accountant you can find a ProAdvisor in your area by following this link.

 

Please reach back out if you have any additional questions or concerns.  Enjoy the rest of your day!

 

 

 

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