For the current tax year, it must be filed by October 15 (the due date of your return with an automatic 6-month extension).If you have questions about completing this form, reach out to your tax advisor or accountant.We have also included the average costing method that desktop versions of Quick Books use to provide a side-by-side comparison.Learn how to prevent other users from making any changes to prior accounting period using a closing date and closing date password.If you change the check date, Quick Books Desktop does not automatically change the Withdraw on date.If the agency allows, you can enter a future date for a withdrawn date when you create the payment but not more than 120 days in the future.
Complete this form and send it in by the due date for timely filing of your business tax return.
For e-payments, this is the date (and time) the e-payment must be submitted to Intuit so it can be processed and settled in a timely manner.
In Quick Books Desktop, this date is determined by the deposit frequency selected for the scheduled tax payment.
See also IRS Revenue Procedure 2014-16 and IRS Revenue Procedure 2014-17.
The most important thing to be aware of is that desktop versions of Quick Books use average cost to calculate your inventory costs. To best describe how this change will look on your reports, let’s take a look at the example below.