How do I categorize a 2018 sales tax entry in QuickBooks Online?
I'm manually entering transactions as far back as January 2018. I need to categorize a sales tax payment.
The sales tax payment was paid in January 2018, so I'm just trying to categorize liability payment properly and reconcile.
So, I'm trying to think this through before actually doing the entry.
My question is: Would I need to make a journal entry and credit the sales tax liability account and debit the checking account to properly match the transaction?