Solved

Quickbooks Turnover Report

Posted on 2014-02-10
1
1,831 Views
Last Modified: 2014-02-24
QuickBooks 2010

How can I run a report in QuickBooks that would provide my accountant with a report for the company of "Turnover for the pervious year net of VAT" ?

Thank you,
Robbie
0
Comment
Question by:IP4IT Staff
1 Comment
 
LVL 92

Accepted Solution

by:
John Hurst earned 500 total points
ID: 39849919
When Sales Tax is filed, the Revenue and Input Tax Credit accounts are affected by the filing itself.

With that in mind, there are two reports that you can go back to in history.

1. In QuickBooks, Reports, View File Sales Tax Returns. These are internal PDF copies of the actual filing. They are on the same basis as the filing dates (quarterly in my case).

2. In QuickBooks, Reports, Tax Agency Detail Report. Select the Tax Agency, and then select go to the Dates pull down and select (say) Last Sales Tax Year. That will give you all the revenue and input tax credit transactions for the year. Of course the filing journal entries are included and the ITC totals to 0 if the last quarter was filed.

The Tax Agency Detail Report can be exported to Excel if you want to further summarize it or exclude the filing records.

Those are the two basic ways to get historical Sales Tax Reports.

Please let us know if we can assist further.
0

Featured Post

Is Your Active Directory as Secure as You Think?

More than 75% of all records are compromised because of the loss or theft of a privileged credential. Experts have been exploring Active Directory infrastructure to identify key threats and establish best practices for keeping data safe. Attend this month’s webinar to learn more.

Question has a verified solution.

If you are experiencing a similar issue, please ask a related question

By Linda Saltz Customized item descriptions from bills DO import into a customer invoice!   This is a wonderful tip for companies that want to use generic items like Hardware, Software, Mileage, Travel in their item list which helps keep the i…
Online collaboration is quickly becoming embedded in the workplace, and its benefits are tangible. See what the current landscape looks like and what the future holds for collaboration tools and the future of work.
Internet Business Fax to Email Made Easy - With  eFax Corporate (http://www.enterprise.efax.com), you'll receive a dedicated online fax number, which is used the same way as a typical analog fax number. You'll receive secure faxes in your email, f…
Both in life and business – not all partnerships are created equal. As the demand for cloud services increases, so do the number of self-proclaimed cloud partners. Asking the right questions up front in the partnership, will enable both parties …

867 members asked questions and received personalized solutions in the past 7 days.

Join the community of 500,000 technology professionals and ask your questions.

Join & Ask a Question

Need Help in Real-Time?

Connect with top rated Experts

18 Experts available now in Live!

Get 1:1 Help Now