Thanks for circling back to this thread, EKFPROMO. I can help you get the correct totals for non-taxable sales in QuickBooks and obtain accurate figures to pay your sales tax bill.
QuickBooks Desktop (QBDT) offers features for complex financial management, providing reports that directly show non-taxable sales without extra steps. On the other hand, some QuickBooks Online (QBO) reports need customization and filtering options to get the information you need.
If you've migrated from QBDT, please note that sales tax details won't move to the online version. Here's an article about features and data that are transferable during the migration process: Learn how features and data move from QBDT to QBO.
Moreover, the contents of your QBO report reflect the data you've entered into the system. It's advisable to review each transaction and verify its tax status to see if some transactions are mistakenly marked as taxable to ensure accuracy. Alternatively, you can generate a Non-Taxable Sales report in QBO and customize it to view non-taxable sales.
Here's how:
- Go to the Reports tab.
- Key in and select Taxable Sales Detail.
- Click Customize.
- Choose the date range.
- On the Filter dropdown, select these checkboxes: Customer Taxable to non-taxable sales.
- Distribution Account to All Income/Expense Accounts
- Product/Service Taxable to Non-Taxable
- Hit Run report.
Check out this article to learn more about the process: Create a Non-Taxable sales report in QBO. You can also memorize this report to save the customized settings for future use.
Accurate reports are essential for regulatory compliance and seamless financial reporting. Let us know if you need more assistance with taxable and non-taxable reports in QBO. I'll be happy to lend a hand again. Be safe!
