Sales Tax Payments

Question

I am new to Quicken. I just paid my sales tax to the state.  How and where do I post the discount that the state gives for paying early?  It is only a few cents but I don't really want it sitting in my Sales Tax account.

NotACPA · Accepted Answer

Since you have a Sales Tax Account (I assume that means that you're collecting Sales Tax from business transactions), simply record a transfer in the Sales Tax account to your Business Income category or another place.