How to record tax payments in QuickBooks
Recording tax payments in QuickBooks and then matching them with the bank transactions can be straightforward provided one follows the correct method. Tax is usually deducted in the form of Service Tax or VAT. It is seen as the liability of the taxpayer and must be paid. QuickBooks creates three tax agencies by default. They are known as ‘Value added tax’, ‘Service Tax’, ‘Central Sales Tax.’ To record the tax payments and understand its procedure, follow the steps shared in this blog and execute it as required. One can also connect with quickbooks customer care number experts for the same. Steps for recording the tax payments in QuickBooks Online Login to the QuickBooks Online software. · After that, the users need to click on the ‘Taxes’ tab present at the left. · Clicking on the same will navigate you to the ‘Tax Centre.’ · ...