Scenario: The sum of sales visible on the Sales Tax Liability Report doesn’t match with the Profit and Loss Report Total Income.

Quick Tip: It’s not compulsory that the total sales and total income will always match due to some transactions showing up in your file that will create less chances to match the Sales Tax Liability and Profit and Loss reports.

This issue can be fixed by comparing information of totals. For this, you need to run the Sales Tax Liability report and the Profit & Loss Standard report.

Sales Tax Liability

  • Go to the Reports menu and select Vendors & Payables > Sales Tax Liability.
  • Locate and double-click on the Totals for Total Sales column to open the Sales Tax Revenue QuickZoom report.
  • Select Customize Report.
  • Choose appropriate report basis, Accrual or Cash.
  • Go to Display tab and choose a date range for the report.
  • Select Accounts from the Filters
  • Now, select All Ordinary Income accounts from the drop-down options.
  • Now, select Transaction Type from the Filters tab and then select Multiple Transaction Types from the drop-down options.
  • Now, put a checkmark on all the transactions apart from the Invoice and Sale Receipt.
  • Click on OK to go back to the Filters
  • Click on OK again to return to the report.

Profit and Loss Standard

  • Go to the Reports menu and select Company & Financial > Profit & Loss Standard and then double-click Total Income.
  • Click on Customize Report.
  • Choose appropriate report basis, Accrual or Cash.
  • Go to Display tab and choose same date range for the report.
  • Select Accounts from the Filters
  • Now, select All Ordinary Income accounts from the drop-down options.
  • Now, select Transaction Type from the Filters tab and then select Multiple Transaction Types from the drop-down options.
  • Now, put a checkmark on all the transactions apart from the Invoice and Sale Receipt.
  • Click on OK to go back to the Filters
  • Click on OK again to return to the report.

Still Facing Issues?

Following these steps should be helpful for you in managing Sales Tax Liability Report if total sales is not same as the total income. However, there are chances of exceptions, and you might not be able to match total income and sales. If you are facing issues during the process, you can contact our assistance team by dialing our toll-free QuickBooks Support Phone Number +1800-567-0425 and get instant solutions.

Sales Tax Liability Report: Total Sales Is Different From Total Income

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