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.
In Solo Superstars
The Sales tax report totals it by state and period; the balance of Sales Tax Payable is the running amount not yet remitted.
Example
Q3 collected: CA 1,240, NY 380. Sales Tax Payable balance 1,620 until remitted.
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
- tax collected
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 report — Taxable sales, non-taxable sales and tax collected by state for a period. What you copy onto the state return.
- Sales tax remittance — Paying collected sales tax to the state. Clears the liability and records the payment in one step.
- 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.