What the tax reports in Quikpair show

What you charged, what you paid, and what you owe.

Steps

  1. Sales Tax is the tax you collected, with a breakdown by tax rate.
    The tax reports, step 1, on a desktop browserThe tax reports, step 1, in the mobile app
  2. Purchases Tax is the tax you paid suppliers.
  3. Expenses Tax covers tax on your expenses.
  4. Tax Summary brings them together.
    The tax reports, step 4, on a desktop browserThe tax reports, step 4, in the mobile app
  5. Tax Liability is the net figure: what you owe after offsetting what you paid.

Good to know