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 Sales Tax Center, click on the Reports link, as indicated in the following screenshot:
- 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.
- Taxable customer report: This report will list all customers, along with their billing address, shipping address, taxable sales, and tax rate.
As you can see, it is easy to keep track of sales tax in QuickBooks. You can use the tax liability report and the taxable customer report to prepare your sales tax return. In addition, you will use these reports...