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November 20, 2024
Question

Why does the economic nexus calculator only look at teh latest transactions in the periods that it considers? Is there a way to get it to look at all transactions?

  • November 20, 2024
  • 1 reply
  • 3 views
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    1 reply

    QuickBooks Team
    November 21, 2024

    Thank you for posting your concern about the economic nexus calculator in QuickBooks Online (QBO), @andrew143. Allow me to answer and provide more details about your questions below.

     

    When a customer enters sales transactions and has sales tax set up, the economic nexus 'table' shows whether the transaction count in a particular state has met the threshold with a Yes or a No. The period covered is defined by the state rules, which can vary depending on the state, and is either:

     

    • the previous 365 days,
    • over the current calendar year (January 1 - December 31), or
    • the previous calendar year

     

    Currently, there's no option to configure the table to review transactions outside of this time frame or incorporate all historical data.

     

    You can also check out these articles for more details about the Economic Nexus for sales tax in QuickBooks:

     

     

    Feel free to click the Reply button if you have additional questions. I'm always here to help you.