Sales Tax Adjustment

When you make sales tax adjustments, you move money into or out of
your Sales Tax Liability account.

You adjust your sales tax liability for reasons like:

  1. A credit for previous over payment or early payment discount given by your sales tax agency.
  2. A fine charged to you by your tax agency for late or non-payment in the previous tax year.
  3. Corrections to sales in a previous period.
  4. Rounding differences between QuickBooks and your sales tax forms.
  5. Sales tax holiday declared by your agency.

To make a Sales Tax Adjustment:

  • From ZarMoney homepage, hover over Company and from the drop down menu select Sales Taxes.
  • Select Sales Tax Adjustment. Make any necessary adjustments and after all changes have been made, select Adjust Taxes.

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