- 1). Open your Quickbooks software. Go to the "Vendors" menu and click "Sales Tax." Choose an "Adjustment Date." Fill in the "Entry No." field with a number for your adjustment.
- 2). Click the "Sales Tax Vendor" drop-down list and choose the tax agency to which the adjustment applies. Click the "Pay From Account" drop-down list and choose an adjustment account. Choose an income account if you are receiving a discount in your sales tax. "Choose an expense account, such as Interest Expense or Non-Deductible Penalties, if you're making the adjustment for a fine, penalty or interest due," explains Quickbooks.com.
- 3). Select whether you want to increase the sales tax or decrease it, then enter the amount. Increase your sales tax when paying a fine or penalty. Decrease your sales tax to extend a discount to a customer or if you are receiving a tax credit. Click "OK" to save your changes.
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