The Sales Tax Liability report shows the sales tax funds that are collected from customers and that are owed to each tax agency to which your company has an obligation. The information is grouped by tax agency so you can track how much tax you have collected and how much tax has been paid in each sales tax district. Column information groups the sales tax liability by item tax code.
Note: This is the cash basis version of this report. For the accrual basis version, see the link under Related topics.
By using this report, you can ensure the accuracy of the information that you are reporting on your quarterly sales tax reports to the government. Tax agencies allow you to report liability information that is based on either an accrual basis or a cash basis. In the Preferences dialog box, you can choose to report liability based on when the customer is billed or on when the customer pays you.
Open the report
On the Reports menu, point to Cash Basis, and then click Sales Tax Liability.
Default information in this report includes tax rates, taxes collected, total sales, non-taxable amounts, and taxable amounts.
For detailed information about how to view individual transaction details, or modify, display, save, print, or export the report data, see Working with reports. For detailed information about how to filter report data, see Filter reports.
Change report basis or date range
To change the report basis for this report, do the following:
On the toolbar, click the arrow next to Report Basis, and then select Cash or Accrual.
To change the date range for this report, do the following:
On the toolbar, click the arrow next to Date Range, From, or To.
Sort by report groups
You can sort the groups within the report in addition to sorting the rows within the groups:
To sort the groups within the report, on the toolbar, click the arrow next to Sort Report Groups by, and then select an option.
To switch between ascending and descending order, click the sort by ascending or sort by descending buttons on the toolbar.