BLACK FRIDAY SALE 70% OFF QuickBooks for 3 months*   Ends 11/30

Buy now
cancel
Showing results forΒ 
Search instead forΒ 
Did you mean:Β 
Announcements
Work smarter and get more done with advanced tools that save you time. Discover QuickBooks Online Advanced.

Reply to message

View discussion in a popup

Replying to:
kanders2112
Level 1

How to categorize a sales tax refund from the state

When I took over the bookkeeping for our small business, I realized that we had over-payed on several quarterly sales tax returns with the state. I amended the returns and the state sent us a check for the amount. Now that it has been deposited to the business account, I do not know how to categorize the item in QBO. Do I need to match it to something? Make a journal entry?

Anybody? Anybody?

Need to get in touch?

Contact us