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Using QB pro 2015, ran sales tax liability report but didn't

Customer Question
Using QB pro 2015, ran...
Using QB pro 2015, ran sales tax liability report but didn't pay the entire amount. How do I enter that? Bill was $16k and only paid $12k but will be paying the balance shortly.
Submitted: 10 months ago.Category: Financial Software
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Customer reply replied 10 months ago
I'm still waiting for a response.
Answered in 8 days by:
1/12/2017
Tech Support Rep: Dr. Fiona Chen, Certified Public Accountant (CPA) replied 10 months ago
Dr. Fiona Chen
Dr. Fiona Chen, Certified Public Accountant (CPA)
Category: Financial Software
Satisfied Customers: 482
Experience: Former IRS Revenue Agent
Verified

Dear Customer,

If the sales tax is automatically showed in your liability account, [see that from your balance sheet report], when you pay with bank check [cash], mark the liability account of sales tax payable, write in the amount you are paying, the remaining sales tax should still be kept on your liability account, [see that from your balance sheet report]. It should have been the same as paying the payroll liability account.

Sorry for the delay. We have multiple experts. I just saw your question now.

Please feel free to follow up.

Regards,

Fiona

Fiona Chen, MPA, Ph.D., CPA, ABV, CFF, CITP, IMTA

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Customer reply replied 10 months ago
We have multiple sales tax jurisdictions. Would you recommend selecting as many counties that will make up the 12k and then once balance is paid the remaining should show up?
Tech Support Rep: Dr. Fiona Chen, Certified Public Accountant (CPA) replied 10 months ago

Dear Customer,

Each county and each jurisdiction and each transaction needs to be entered separately. The accounting record needs to be at the most detailed level. The report can be at the aggregate level. If we don't keep the record at the most detailed level, no one else will. The accountant is the last defense and first source. We really cannot tell any one who would like to see the detailed records or summary report to go to our source document (say the invoice and/or the billing) to look for the data. If the taxes are detailed in nature more than your current software can handle, you may want to get a software which is more tailored to the industry practice.

Please feel free to follow up.

Regards,

Fiona

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Dr. Fiona Chen
Dr. Fiona Chen
Dr. Fiona Chen, Certified Public Accountant (CPA)
Category: Financial Software
Satisfied Customers: 482
482 Satisfied Customers
Experience: Former IRS Revenue Agent

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