Comptyx journal

US GAAP sales tax journal entry

In the US, collected sales tax is a liability (Sales Tax Payable), not income or expense. Comptyx’s US profile uses 2310.

Pattern

Sale: debit A/R 1200, credit sales 4000, credit 2310. Purchase: depends whether tax is recoverable (prepaid 1410) or not. No US bank journal in the product.

State rates are resolved at review. QuickBooks or Xero file export, not live OAuth.

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