How to Record Sales Tax Payable and Estimated Taxes in QB (Part 6 Video 4) Etsy Shop Bookkeeping

There are specific ways to record collection and payment of sales tax, as well as payment of estimated taxes to the state and IRS. Your Balance Sheet will show you how much tax you have collected and therefore how much you owe.

I recommend small businesses use QuickBooks Online Simple Start:  https://www.SmallBusinessSarah.com/qu...   (This is my referral link.) It's easy to use, affordable, and a true accounting program, unlike most online options.

Questions about taxes for Etsy sellers? Get a copy of my book, The Etsy Seller's Simple Guide to Taxes, for FREE here: SmallBusinessSarah.com/etsytaxguide

Get a FREE Small Business StartUp Checklist:  
https://www.SmallBusinessSarah.com/st...

This video is for information purposes only and does not constitute tax or legal advice.

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