Reports and accounting
Let's make the necessary adjustments to align both reports correctly for your tax payment preparation in QuickBooks Online, EKFPROMO. Prior to that, I would like to provide a brief overview of the feature differences between QuickBooks Online (QBO) and QuickBooks Desktop (QBDT).
QuickBooks Online (QBO) and QuickBooks Desktop (QBDT) are both highly regarded accounting software solutions offered by Intuit. However, they have distinct features that cater to different business needs, especially for report data filters. QuickBooks Desktop (QBDT) is known for its comprehensive set of features that cater to a wide range of accounting needs, making it a preferred choice for businesses requiring detailed and complex financial management.
While, QBO offers a flexible feature that allows you to filter reports by specific criteria, making it ideal for customized financial information. Its cloud-based solution is preferred for mobility and remote access over locally installed software.
Let me show you the steps to filter reports to non-taxable sales taxes:
1. Click the Reports tab from the left panel and search the Sales Tax Liability Report.
2. Tap the Customize button and navigate to the Row/Columns section.
3. Put a checkmark on the Non-Taxable checkbox.
4. After that, click the Run Report.
For more guidance see this page that can help you generate reports concerning your sales tax liabilities, either record or edit your sales tax payments, and view your payment history for different time spans: Manage sales tax payments in QuickBooks Online.
I've included this page to stay updated on how Cash and Accrual accounting affect sales tax: Choose between cash and accrual accounting methods in QuickBooks Online.
Additionally, I suggest considering our QuickBooks Live Expert Assisted service to enhance your QBO experience. Our knowledgeable team of experts stands ready to provide immediate support tailored to your business's unique needs. They will assist you in navigating your plan's features, accounts, customers, and vendors.
If you have concerns regarding your sales reports, please drop your comment below. I'll ensure to provide relevant information that will help you succeed in you daily tasks in QBO.
