Important Information Concerning Sales Tax Reporting in QuickBooks 2009 Release 9
If you have QuickBooks 2009 R9, you need to update to release 10 before reporting your Sales Tax to your Tax Agency.
Release 10 is now available.
To download R10 for Quickbooks Pro, Premier or Simple Start Click Here.
To download R10 for QuickBooks Enterprise Solutions Click Here.
To read more about the technical details of the Sales Tax issue click here.
To view Intuit's message to customers about the issue click here.
If you have QuickBooks 2009 Release 8 or earlier, you do not need to install any updates before reporting Sales Tax amounts to your Tax Agency.
Click here for information to help with installing or updating QuickBooks 2009.
Sales Tax Report Issue
We wanted to let you know about a Sales Tax Report issue related to the December 1, 2009 Release 9 (R9) of QuickBooks 2009. If you downloaded R9 earlier this month, the Sales Tax Liability and Sales Tax Revenue reports are not displaying the correct data in some cases. Only customers who have already downloaded and installed R9 may be affected. This issue affects QuickBooks Simple Start, Pro, Premier, and Enterprise Solutions.
If you are using Release 8 or earlier, this issue will not affect you, and you may therefore continue to rely on the Sales Tax Liability and Sales Tax Revenue reports for any sales tax filings with tax authorities. (Not sure which release version you have? Open QuickBooks, hit F2, and look at the information in the upper left of the screen entitled “Product”)
What you should do if you are on R9?
If you are currently using R9, and have not filed your tax information with tax authorities, you should update your QuickBooks software before you file. The new update (Release 10)
is now available.
Only after updating to R10 should you rely on the Sales Tax Liability and Sales Tax Revenue reports for your upcoming sales tax filings with tax authorities.
If you are currently using R9 and have used the Sales Tax Liability and Sales Tax Revenue Reports to submit tax information with tax authorities this month, your submission may be incorrect. As a result, you may need to resubmit your sales tax information after downloading R10 if you meet certain criteria. Specifically, this issue applies to you only if you meet the following conditions: within QuickBooks, the sum total of items in your Items List multiplied by the number of vendors in your Vendor List equals more than 10,000.
For more information on how to determine if you need to resubmit your sales tax information,
click here. If you think you have already submitted inaccurate information to tax authorities and need help with how to resubmit, you can contact Intuit at
QuickbooksEmail@intuit.com.
How to update to R10
Updating QuickBooks with R10 will correct your sales tax information on the Sales Tax Liability and Sales Tax Revenue reports. You can apply this R10 update in two ways:
You can
download this update
here on Tuesday, December 15
th, 2009.
- or-
QuickBooks will prompt you (if you have "Automatic Update turned on) to apply this update automatically on Thursday, December 17th, 2009.
All information above is provided by Intuit QuickBooks Support
http://support.quickbooks.intuit.com/support/pages/knowledgebasearticle/898648
