Sales Tax Tracking

Whenever you collect sales tax from a customer, use the “Sales Tax Collected” category and GoDaddy Bookkeeping will automatically track the total amount collected (which also means the total amount you owe.)
 
Now, as you are tracking sales tax collected, GoDaddy Bookkeeping will keep track of the total, and add it to the “Income” section of your overview page.  This will provide you an up-to-date balance of how much sales tax you’ve collected, as well as what you need to send into the state.


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In order to record a payment to the state, or just see more details, simply click on the “Sales Tax Due” link and go to the new Sales Tax center in GoDaddy Bookkeeping.
 
As you can see, once you get to the new Sales Tax center, GoDaddy Bookkeeping automatically tabulates all of your Sales Tax Collected transactions, and makes it easy to record payments to the state for any outstanding balance.

 

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As you record payments, they will show on the left side of the Sales Tax center.  Click on any of the total amounts to see the list of individual transactions.

In addition to supporting manually recorded sales tax transactions, GoDaddy Bookkeeping will automatically import sales tax details from eBay sales for eBay sellers.  

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Comments

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    A Common Thread

    This is wonderful!  Once the sales tax via PayPal import is set up this will be amazing!!  thanks so much.

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