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rvillars
New Member

Account type

QuickBooks Enterprise Solutions: 10.0: Contractor
11/3/09 2:14 PM
Total Views: 20

What type of account is the sales tax payable account, debit or credit?

 
 
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All Replies:  Answers (2)  
Accountant Man
Accountant Community AllStar
 
Rating 0

Answer

11/3/09 2:57 PM

payable account. If you do not understand this, you must speak with your accountant.

As it gets closer to tax season, I wish I had some hair to pull out.
 
 
 
raywhite28
Advanced Certified ProAdvisor
 
Rating 0

Answer

11/3/09 6:26 PM

The balance in the Sales Tax Payable account should be a credit. You owe the money.

Hope this helps. If so please mark solved, if not please ask more questions. Thanks!

Hope this helps. If so please mark solved, if not please ask more questions. Thanks!

Ray White
http://community.intuit.com/me...
http://www.raywhiteenterprises.com
 
 
 
 
 
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