QB Issue Resolution:
Sales tax collected is neither income nor expense – therefore, will not show on a Profit and Loss Report.
You collect sales tax from your customers and hold it (as a liability) until which time you remit it to the tax agency.
Why would it be ‘better for you’ to see it on the P & L?
Resolution for Issue 'In the Profit/Loss report, under Income, how can it show the sales tax I charged customers? I collect for svcs rendered + sales tax.When I pay my GE taxes, I print out this report, then also print the Sales Tax Liability Report. Having the sales in the Income Sect. would be better for me.' available: Yes (Solved).
Source: Intuit Community forum.
In the Profit/Loss report, under Income, how can it show the sales tax I charged customers? I collect for svcs rendered + sales tax.When I pay my GE taxes, I print out this report, then also print the Sales Tax Liability Report. Having the sales in the Income Sect. would be better for me.: this issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the issue yourself by looking for a resolution described below. If it is a complex issue or you are unable to solve the issue, you may contact us by clicking here or by using other support options.
Support for QBOQuickbooks Repair Pro will resolve it efficiently and affordably. Guaranteed resolution of your issue, or you pay nothing!
Error Recovery for QBO [Canada]
E-Tech is the #1 Quickbooks data migration and Conversion service provider.
Additional Support Options: