sales tax using QuickBooks can turn into a mess if you do not use the right
screen to pay for sales tax.
QuickBooks can calculate the sales tax owed using the cash (when the money is
received) or accrual (when the customer is invoiced) method. In order for QuickBooks to properly calculate sales tax, you have to use either
the Customers Enter Sales Receipt screen or the Customers Create Invoices (and
later Receive Payments) screen.
you record your sales by only making a bank deposit, the sales tax will not be
calculated and the sales tax reports will not be useful to you. When you are ready to pay your sales tax, whether you file on a monthly,
quarterly, or annual basis, there is a report that you can generate to see what
is due. From the main menu bar, click Reports - Vendor & Payables - Sales
Tax Liability. Be careful which dates you choose because that effects how much
sales tax is due. After choosing the right dates, the amount due will show up
on the last column of the report.
make sure this amount equals the following screen: click on Vendors - Sales Tax
- Pay Sales Tax. Again, be careful with the dates. The amount due in this
screen must match the Sales Tax Payable report previously generated. When the
amounts match, put a check mark next to the tax agency you want to pay and
press the OK button. You can pay tax anytime and from any place round the globe
via your laptop with an Internet connection, if you opt for QuickBooks hosting
through a cloud computing and application hosting company. Click this link for
more information- http://www.articlesnatch.com/Article/Quickbooks-Hosting---A-Wonderful-Financial-Provision/2368922