How To Adjust Sales Tax Payable In Quickbooks Online? (Solved)

To adjust your sales tax due:

1. Go to the Vendors menu and select Sales Tax then Adjust Sales Tax Due.
2. In the Sales Tax Adjustment window: Enter the adjustment date, sales tax vendor, adjustment account and other relevant information. Note: Do NOT use sales tax payable for the adjustment account.

How do I edit a sales tax payment in QuickBooks online?

Manage sales tax payments

1. Go to the Taxes menu and go to the Payments tab.
2. Select Record payment.
3. Fill in the required fields (bank account you’re making the payment from, payment date and amount).
4. When you’re ready, select Save. If you want to view the payment, find it in the list and select View.

How do I correct sales tax payable in QuickBooks?

Recommended solution From the Lists menu, choose Chart of Accounts. Double-click select Sales Tax Payable account to open its register. Find the sales tax payment that was just entered, select the payment. From the Edit menu, select Delete Sales Tax Payment, then choose OK.

How do I delete sales tax adjustments in QuickBooks online?

From the Chart of Accounts

1. Go to Settings ⚙️, then select Chart of Accounts.
2. Find the income or expense account you used to add an adjustment.
3. Select Run report.
4. Select the adjustment you need to delete.
5. Select Delete.
6. Select Delete again to confirm.

How do you offset sales tax payable?

If you are adjusting Sales Tax Payable for adjustments that show on the sales tax return, you can use a Journal Entry to debit or credit Sales Tax Payable. You can also use the Sales Tax Adjustment window. You will then apply this credit when you create the next Sales Tax Payment.

What is the adjusting entry for sales tax?

The journal entry for sales tax is a debit to the accounts receivable or cash account for the entire amount of the invoice or cash received, a credit to the sales account and a credit to the sales tax payable account for the amount of sales taxes billed.