Crystalynn Shelton is a licensed CPA and small business advisor specializing in financial accounting software training, coaching, and consulting. She has written four Amazon Bestsellers, Mastering QuickBooks 2020, Mastering QuickBooks 2021, Mastering QuickBooks 2022, and Mastering QuickBooks 2023. In addition to having experience as a small business owner, she has more than 20 years’ experience in providing accountancy consultancy in the entertainment, oil and gas, education, and computer technology fields. Crystalynn is an Advanced Certified QuickBooks ProAdvisor and has taught accounting, bookkeeping, and QuickBooks courses for the last 12 years at the University of California at Los Angeles Extension. When she is not in the classroom, Crystalynn enjoys trying new restaurants and curling up with a good book!
QuickBooks makes it easy to stay on top of the sales tax collected, which will ensure that you pay the correct amount when it comes due. There are two reports available to help you stay on top of the sales tax you owe: a tax liability report and a taxable customer report.
Perform the following steps to access the sales tax reports:
Within the Sales Tax Center, click on the Reports link, as indicated in Figure 7.12:
Figure 7.12: Sales tax reports
Tax liability report: This report will show you the sales tax collected as of a specific period of time. The report will show gross sales, taxable sales, non-taxable sales, and the tax amount.
In the report shown below, there are four columns: GROSS AMOUNT, NON TAXABLE AMOUNT, TAXABLE AMOUNT, and TAX AMOUNT. The gross amount is $20.00, the non-taxable amount is $0, the taxable amount is $20.00, and the total tax amount is $1.90.
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Crystalynn Shelton is a licensed CPA and small business advisor specializing in financial accounting software training, coaching, and consulting. She has written four Amazon Bestsellers, Mastering QuickBooks 2020, Mastering QuickBooks 2021, Mastering QuickBooks 2022, and Mastering QuickBooks 2023. In addition to having experience as a small business owner, she has more than 20 years' experience in providing accountancy consultancy in the entertainment, oil and gas, education, and computer technology fields. Crystalynn is an Advanced Certified QuickBooks ProAdvisor and has taught accounting, bookkeeping, and QuickBooks courses for the last 12 years at the University of California at Los Angeles Extension. When she is not in the classroom, Crystalynn enjoys trying new restaurants and curling up with a good book!