Re: Accounting for Payment Of Sales Taxes

[John Hasler <..hidden..>]

Luke writes:
> What must I do to have some record of this--I.E. apply it to a "sales
> taxes paid" expense account?

You don't.  Sales tax you collect is an expense to your customers, not
to you.  To you it is a liability.  It is the state's money that you are
collecting and holding for them.  It should never appear in your income:
it was never yours.  Only sales tax you pay on stuff you buy is an
expense.
-- 
John Hasler 
..hidden..
Elmwood, WI USA