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How do I calculate sales tax owed?
How do I calculate sales tax owed?
Seanalee Greenough avatar
Written by Seanalee Greenough
Updated over a week ago

Use the Sales by Payment Type report (Admin > Reporting) and set the appropriate date range for the taxable period The formulas below will help in making Sales Tax reporting calculations:

Gross Receipts - Sales Tax - Refunds Tax = Taxable Sales.

Sales Tax - Refunds Tax = Tax Due ÷ Taxable Sales = Sales Tax Rate

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