Sales Tax and Property Tax Journal Entries

Diving into the intricacies of sales and property taxes, Nick Palazzolo walks through the journal entries needed when dealing with these inevitable parts of life. From unpacking the addition of sales tax on a shiny new vehicle purchase to the complexities of property tax accruals and adjustments, each scenario is broken down with clarity. Whether it’s initially recording these taxes or adjusting entries after better estimates are available, Nick ensures the nuts and bolts of these transactions are thoroughly explained. This session is perfect for getting a handle on how to accurately manage and record these common yet critical financial tasks.