QB Issue Resolution:
Yes, the city’s total amount for the year will show up on January when you leave it unchecked. When you pay the sales tax, it does reset the calculation for future transaction. Also, it won’t affect the municipality’s balances.
For your future reference, I suggest running the Sales Tax Liability report. This allows you to get a summary of sales tax you’ve collected and owe to your tax agencies. Also, you can ensure the balances under your state, county and city taxes are accurate and up to date.
Resolution for Issue 'Pay sales tax quarterly AND annually' available: Yes (Solved).
Source: Intuit Community forum.
Pay sales tax quarterly AND annually: 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 balances
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Error Recovery for balances [Canada]
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