Taxes

Hello BookHappy,

As of now, there's no specific time as to when recording prepayment of sales tax will be ready. In the meantime, you can use a clearing account as a workaround where you can transfer the sales tax payment you made. This helps you move money from one account to another account. Here's how:

1. Go to Accounting on the left panel.
2. Within the Chart of Accounts tab, click the New tab.
3. Choose Bank for the Account Type. You may choose any detail type you want for your clearing account.
4. Type in the Name for the clearing account.
5. Do not enter any amount in the balance before clicking Save and Close.

Once the filing is ready, you can then record payment to the sales tax using the clearing account. Also, you can visit our QuickBooks Blog website to know our latest features and product enhancement from time to time.

Comment below if there's anything else you need. Stays safe always.