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Adjust the sales tax payable balance in QuickBooks

Adjust the sales tax payable balance in QuickBooks: QuickBooks: Setting up a Company File In Depth
Adjust the sales tax payable balance in QuickBooks: QuickBooks: Setting up a Company File In Depth

This movie explains what the sales tax payable on a trial balance report represents compared to the sales tax payable in QuickBooks after recording open invoices. It describes how to record a sales tax adjustment to reflect collected sales tax on paid invoices, including the account to use as the adjustment account and how to calculate the adjustment amount.

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Skill Level Appropriate for all
1h 46m
Duration
78,961
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Skills covered in this course
Business Accounting Finance Home + Small Office QuickBooks

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