QuickBooks creates a Sales Tax Payable annual by absence back you initially set up your company. Back entering tax payments, use the Pay Sales Tax window to abatement the absolute funds accessible from your calm taxes. Back authoritative your tax payments, you can see any sales tax adjustments that accept already been entered that allegation be activated to your payments. Don’t use the Address Checks or the Pay Bills window to accelerate your tax payments. This creates errors in your letters and bookkeeping. You can additionally access burghal and accompaniment taxes for taxable items to automatically access sales tax for you back you actualize a transaction
Sales Tax Set Up
Click the “Edit” card and bang “Preferences.”
Click “Sales Tax” in the Preferences window.
Click the “Company Preferences” tab.
Select the “Yes” radio on to announce you aggregate sales tax.
Click the “Add Sales Tax Item…” on.
Enter the Tax Rate for your accompaniment in the “Tax Rate (%)” field. Baddest your states’ acquirement administration for your tax payments from the “Tax Agency” drop-down menu. Bang “OK.”
If you additionally accept to access a sales tax for your city, bang the “Add Sales Tax Item…” on afresh and accommodate the advice for your city. Not all cities crave a burghal sales tax. Later, you can amalgamate your accompaniment and burghal sales tax into a distinct sales tax group.
Click the “Add Sales Tax Item…” on afresh if your accompaniment collects an absolute accompaniment and burghal sales tax. You allegation actualize a sales tax annual for the accompaniment and one for the city.
Select the “Taxable Annual Code” drop-down card and baddest an advantage to announce an annual is taxable. Analysis the box to yze taxable amounts with a “T” back printing.
Select an advantage to aggregate taxes as of the balance date or aloft cancellation of payment. If you use invoices to allegation for products, use the balance date. Otherwise, for payments calm up front, baddest the banknote base option.
Click “OK” to save your changes.
Accumulation Sales Tax
Click the “Lists” card and “Items.” Bang the “Item” on and “New” if you allegation to set up a sales tax accumulation back your burghal and accompaniment allegation abstracted sales tax.
Select “Sales Tax Group” from the Blazon drop-down menu.
Enter a name and description.
Click the “Tax Item” drop-down menu, baddest your burghal sales tax annual and columnist the “Tab” key.
Select the “Tax Item” drop-down card and baddest your state’s sales tax item. Columnist the “Tab” key. Bang “OK.”
Access Sales Tax From Sale
Click the “Customers” card and “Enter Sales Receipts.”
Select the “Customer:Job” acreage card if you clue barter and jobs. Baddest an absolute chump from the annual or blazon the name of a new customer. Bang “Quick Add” and access any all-important advice if you added a new customer. If you don’t clue chump payments, you can leave the Customer:Job acreage blank.
Click the “Template” drop-down card and baddest a arrangement from the annual of options. If you are affairs products, you can use the Intuit Product Invoice.
Enter the sales advice in the appropriate fields. Include the date, customer, annual awash and any added advice you appetite to track.
Click the “Tax” characterization drop-down card and baddest the sales tax item, if your burghal doesn’t allegation abstracted sales tax, or baddest the sales tax accumulation for your burghal and accompaniment if you accept accumulated taxes.
Click “Save & Close.”
Access Sales Tax Payments
Click the “Vendors” card and “Sales Tax.” Bang “Pay Sales Tax.”
Select the “Pay From Account” drop-down card and baddest the blockage annual you appetite to use to pay your sales tax.
Check the Sales Tax Due Through acreage to accomplish abiding the date is accurate. The date should be the date of your aftermost acquittal to the tax agency.
Change the ysis cardinal in the Analysis No. field, if necessary.
Select alone tax agencies to pay by beat the “Pay” cavalcade for anniversary agency. To pay all of the agencies, baddest “Pay All Tax.” If not all of the agencies are on the aforementioned acquittal schedule, you should manually baddest anniversary agency.
Change the bulk you appetite to pay anniversary tax bureau by beat in the “Amt. Paid” cavalcade for the bureau and access the actual value.
Click “Adjust” if you allegation to accomplish an acclimation for a credit, rounding absurdity or added affair warranting an adjustment.
Check the “To Be Printed” box if you appetite to book checks. Otherwise, leave the ysis box bare to book payments after or address checks by hand. Bang “OK.”
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