We recently received a letter from CDTFA that we are now required to file 2 prepayments prior to our quarterly sales tax return. The new automated feature does not allow me to make prepayments, it assumes that I am filing a return. Where do I post this prepayment on my balance sheet? Should I simply post to the sales tax liability associated with QBO automated sales tax feature? Will the system recognized that a prepayment has been made? Any help will be appreciated.
QBO support, if you are reading this post, please make an upgrade to have an option to make prepayments directly from the sales tax tab.
Thank you!
