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Two QuickBooks Reports for Sales Tax

Sales tax. Papers on the office table.

 

 

How much is your business spending on sales tax? QuickBooks has two reports which shows the information you are looking for.

The Sales Tax Liability report summarizes the sales tax you have collected and how much you owe each tax agency. The reports lists total taxable sales, total non-taxable sales, and the amount you owe each agency.

The Sales Tax Revenue Summary report shows the sales by tax agency sorted by taxable sales, non-taxable labor, and non-taxable sales.

Gita Faust

About the Author

Gita Faust has over 30 years of accounting experience in the real estate and property management industry, Gita Faust is more than just a real estate investor; she is also popular for her work as an accountant, consultant, mentor, speaker, QuickBooks Top ProAdvisor, QuickBooks Solution Provider, member of Intuit’s Trainer/Writer Network, and, of course, author. Gita is well-known for her exemplary leadership and advisory skills. In fact, she even helped pioneer the adaptation of QuickBooks to suit the needs of professionals in real estate and property management. To share her knowledge she has written a series of courses titled Simplified Accounting Solution, which provides step-by-step guidance for those working with QuickBooks.

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