We’re here to help you add some more tools to your tool belt, with today’s handy How To: Run the Quarterly Sales Tax Payment Report.
If your quarterly sales tax payment is coming up, you’ll need to run a Quarterly Sales Tax Payment Report in Point of Sale. Here’s how to do it:
- Open [POINT OF SALE]
- Select [REPORTS]
- Hover over [SALES]
- Scroll down and select [TAX DETAIL]
- In the drop-down [DATE] field, select [CUSTOM]
- Enter the [FROM] and [TO] date ranges for the reporting period, and click [APPLY DATE RANGE]. This will modify the date range to pay for the sales tax accrued during the payment period.
The report will be created. Make sure to scan the report to ensure it does not include deposits from Sales Orders.
- Record the payment to the tax agency in QuickBooks Financial and be sure to offset the Sales Tax Payable account in QuickBooks Financial.