sales tax

Get QuickBooks Ready for Point of Sale Integration

By |August 30th, 2013|

Don’t expect to start ringing up sales until you’ve done some prep work in QuickBooks.
Years from now, accounting industry thought leaders tell us, small business accounting will rely heavily on integration. You’ll be able to choose from best-of-breed solutions to assemble just the mix of financial functionality that your company requires.
We’re seeing the early […]

QuickBooks Sales Tax: Company Preferences

By |March 5th, 2012|

The Sales Tax screen houses all of the options that pertain to Sales Tax. If you do not sell anything and only offer services that do not require sales tax, you do not need to use this section.

All options for this section are in the Company Preferences tab.

Do you Charge Sales Tax?

If you choose No, then […]

Track Tax on Lot Rental in QuickBooks

By |December 18th, 2011|

Q: How should I charge sales tax on a lot rental in QuickBooks?

A: Check out the preference for Sales Tax.

Create a Rent Item for the Lot as taxable.

When creating a Invoice use the Rent item and check if the total amount of the invoice includes rent and tax.

Check the QuickBooks reports for sales tax to […]

Two QuickBooks Reports for Sales Tax

By |November 13th, 2011|

How much is your business spending on sales tax? QuickBooks has two reports which shows the information you are looking for.

The Sales Tax Liability report summarizes the sales tax you have collected and how much you owe each tax agency. The reports lists total taxable sales, total non-taxable sales, and the amount you owe […]