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Black Hills Boy
August 22, 2023
Question

adjust sales tax (quickbooks desktop)

  • August 22, 2023
  • 1 reply
  • 0 views

In South Dakota we have a general sales tax rate and a tourist sales tax rate. The latter applies to short term lodging and various vacation attractions. Both of these taxes are paid to the state treasurer (the vendor). When I show sales tax liabilities to pay them, both tax rates show up on separate lines. However when I want to make an adjustment, I have not found a way to select which rate I want to adjust since both taxes are paid to the same vendor (the state treasurer). Is there a way to select a particular tax liability when they are both paid to the same vendor?

1 reply

MariaSoledadG
MariaSoledadG
August 22, 2023

I'll guide you on how you can select a particular tax liability account, Black Hills Boy.

 

QuickBooks Desktop helps you keep an accurate record of these taxes so you can easily monitor and remit them to the appropriate tax collecting agency. 

 

Under the Pay Sales Tax window, you'll have the option to select which rate you want to adjust. I've provided a screenshot to show you how:

 

  1. Go to the Vendors menu. 
  2. Select Sales Tax.
  3. Choose to Pay Sales Tax.
  4. Select the item that you want to adjust.
  5. Click Adjust, then OK.
  6. Then you can now adjust the tax.
  7. Click OK.

 

To give you thorough information on how you can make an adjustment with your sales, consider reading this article: Set Up Sales Tax In QuickBooks Desktop.

 

Furthermore, QuickBooks provides different reports that cater to your business needs. Check out this article for more information: Understand Reports.

 

Reach out to us if you have any questions when adjusting sales tax. The Community is always right here 24/7.

B
Black Hills BoyAuthor
August 23, 2023

I tried the solution offered, but that did not work. In the "Pay Sales Tax" dialog, I selected the tax that I wanted to adjust, then clicked on the "Adjust" button. The "Sales Tax Adjustment" dialog came up and I elected to "Reduce Sales Tax By" and put in an amount, and clicked "OK."  A "Warning" dialog appeared which said: "Because you made a Sales Tax Adjustment," the Amount Paid to each vendor has now been reset." I clicked on "OK" and was returned to the "Pay Sales Tax" dialog. The amount due on that tax item was not changed.

Am I missing something here?

Is is possible or advisable to accomplish sales tax adjustments with journal entries?

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