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Merchant Services US Taxes -

Richard Bennett
27 Points
Posts: 1
Topic starter
Joined: 2 years ago

Hello everyone,

I am looking for some assistance pertaining to how US agencies are handling payments to Vendasta for services on their taxes. Are you categorizing it within Quickbook as Cost of Goods Sold? Thanks in advance!

1 Reply
302 Points
Posts: 2
Joined: 9 months ago

Sales taxes are not COGS. Your bookkeeper or accountant should easily classify the taxes in the correct category.