What type of account should the Marketplace Facilitator Tax be in QuickBooks Online

The Marketplace Facilitator Tax account should be a "Bank" account with detail type "Cash on hand"

Written by SellerZen
Updated over a week ago

The account type should be Bank and detail type should be Cash on hand.

When you create the service item, select this Marketplace Tax account as the Income account.

Make sure the "Is taxable" box is not checked.

Type this service item name in the Marketplace Facilitator Tax field under the Taxes tab.