Business Hub
Tax Reconciliation
Tax reconciliation uses reverse tax to separate gross receipts into revenue, collected tax, fees, refunds, and payable balances. These pages are for bookkeeping, POS exports, audits, and marketplace payout checks.
Separate tax from gross receipts →Bookkeeping and Audit Guides
Use these pages when reverse tax supports accounting records instead of a single receipt check.
R
Reverse Tax Bookkeeping
Separate sales tax from gross totals before recording revenue.
Read guide →
G
Gross Receipts and Sales Tax
Reconcile gross receipts with taxable sales and collected tax.
Read guide →
S
Sales Tax Reconciliation
Compare sales, collected tax, returns, and payable balances.
Read guide →
S
Sales Tax Payable Account
Understand how reverse tax creates the payable amount.
Read guide →
S
Separate Revenue from Tax
Split tax collected from business revenue in records.
Read guide →
Q
QuickBooks and POS Exports
Use reverse-tax logic on exported transaction rows.
Read guide →
E
Expense Reports
Separate included tax from reimbursable expense totals.
Read guide →
R
Reverse Sales Tax Audit
Use records and calculations to check collected tax.
Read guide →
E
Ecommerce Marketplace Payouts
Separate tax, fees, gross sales, and net deposits from marketplace payouts.
Read guide →
Record workflow
How Reverse Tax Supports Reconciliation
Tax reconciliation uses reverse tax to separate gross receipts into revenue and collected tax before comparing those amounts with POS exports, marketplace payouts, bank deposits, refunds, fees, and payable accounts. It is a business-record workflow, not just a one-receipt calculation.
Gross receipts
Gross totals may include revenue, collected tax, shipping, discounts, and refunds.
Payable account
Collected tax should be tracked separately from business revenue.
Marketplace payouts
Deposits often subtract fees and adjustments, so they are not clean tax-inclusive sale totals.
Reconcile the Tax Trail
- Start from source orders or receipts, not bank deposits alone.
- Separate tax from revenue with the correct rate and taxable base.
- Reconcile calculated tax with POS reports, marketplace reports, and payable account balances.
Bookkeeping and Payout Mistakes
- Treating marketplace net payout as the sale total.
- Recording collected sales tax as revenue.
- Not documenting one-cent variances or manual adjustments.
Need the calculation now?
Use the related calculator, then return to the guides for rate choice, receipt checks, and formula details.
Separate tax from gross receipts →