Financial Software Questions? Ask IT Support for Answers ASAP
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.
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Fiona Chen, MPA, Ph.D., CPA, ABV, CFF, CITP, IMTA
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.