2200 Sales Tax Payable
Sales tax you have collected from customers and not yet remitted to the state. Never your revenue; a liability until paid.
In Solo Superstars
Every taxable invoice credits this account with the tax portion. The Sales tax remittance page clears it when you pay the state.
Example
$1,000 sale with 8% tax: credit 4000 1,000, credit 2200 80. Remit: debit 2200 80, credit 1010 80.
Codes shown are the defaults a new workspace starts with. Yours may be renamed or renumbered — check Accounting › Chart of accounts. See the full default chart.
Also called
- sales tax liability
Related
- Sales tax — Tax you collect from customers on behalf of a state and pass on. It is never your revenue; it sits as a liability until remitted.
- Sales tax remittance — Paying collected sales tax to the state. Clears the liability and records the payment in one step.
- Sales tax collected — The total tax you have added to invoices and customers have paid in a period, by state. What you owe the state.
- Chart of accounts — The list of buckets your money can be sorted into: assets, liabilities, equity, revenue, expenses. New workspaces start with a default set you can rename or extend.
- Default chart — The chart of accounts every new workspace starts with, numbered the way QuickBooks users expect. Yours may have been renamed or extended since.