How do I track tax as a liability in QuickBooks (non-US accounts)?

In order to track tax as a liability in QuickBooks for non-US accounts, follow the below steps: Go to Chart of Accounts Listing and choose to create a new account….

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In order to track tax as a liability in QuickBooks for non-US accounts, follow the below steps:

  1. Go to Chart of Accounts Listing and choose to create a new account.
  2. Create a liability account of type Other Current Liabilities and Detail Type of Current Tax Liability, give it a name of your choice, in our illustration we have given a name of Taxes from OneBill.
  3. Go to Products / Services and choose to create a new Product/Service.
  4. Choose Service.
  5. Enter the Product/Service Name, in our illustration we have given a name as Taxes collected in OneBill.
  6. Choose the Account as the one Created in Step 2, in our case it is Taxes from OneBill.
  7. Verify that the account is set accordingly.
  8. Configure OneBill to send taxes to the product created in Step 6, please note this value is the product/service name and not the account name.

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