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Your client has informed you that after a sales tax audit-the state has advised them that they should be paying sales tax on an accrual
Your client has informed you that after a sales tax audit-the state has advised them that they should be paying sales tax on an accrual basis The client files their income tax on a cash basis and therefore looks at reports on a cash basis What should you tell them to do? a. Go to expenses>vendors>state agency payable>reporting method>accrual b. When they are ready to file the return, go to account and settings>advanced> accounting method>accrual and then change it back after the return is filed c. It can't be changed from cash to accrual. They will need to file outside of quickbooks online d. Go to accountant tools>report options>sales tax>accrual Go to taxes>sales
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