Correcting sales tax payments

Posted by jlee79 on February 10, 2009, 2:20 pm

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Is there a way to correct sales tax payments? In December I made the
payment through venders: pay sales tax as usual, but almost
immediately I realized I had made a mistake on my state taxes so I
voided the payment. It did not allow me to go back and pay the tax the
normal way so I just wrote a check and catagorized the payments in the
accounts. When I paid January sales tax it showed I owed twice as many
taxes (in other words, it looked as if I had not made my December tax
payments). Stupidly, I just made an adjustment to the amount "for the
time being" and thought I would fix it all when I came to work on
Monday - but i can't figure out how. So now it looks as if I never
paid December sales tax and then credited the business $350+ in
January. Although my taxes are paid it doesn't look right in the
books.

any suggestions as to how to fix my blunder? thank you!!!

Posted by dpb on February 10, 2009, 6:43 pm

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jlee79 wrote:

> Is there a way to correct sales tax payments? ...

> ...

> any suggestions as to how to fix my blunder? thank you!!!

I've never had to collect sales tax so never used it but help file
indicate there's a Sales Tax Payable account register.

I temporarily set company preferences and indeed it did create the
account and one can then open a register. It appears you should be able
to correct to your heart's content there...

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