Mastering QuickBooks 2021 - Second Edition: The Ultimate Guide to Bookkeeping and QuickBooks Online by Crystalynn Shelton

Author:Crystalynn Shelton [Shelton, Crystalynn]
Language: eng
Format: epub
Tags: Business & Productivity Software, COM027000 - COMPUTERS / Desktop Applications / Personal Finance Applications, computers, BUS005000 - BUSINESS and ECONOMICS / Bookkeeping, Accounting & Finance, BUS064030 - BUSINESS and ECONOMICS / Taxation / Small Business
ISBN: 9781800204041
Google: WDkIzgEACAAJ
Publisher: Packt Publishing
Published: 2021-01-15T23:27:09.764110+00:00

As you can see, it is easy to keep track of sales tax in QuickBooks. You can use the tax liability report and the taxable customer report to prepare your sales tax return. In addition, you will use these reports to determine the amount owed. You can submit sales tax payments by writing a check in QuickBooks or pay it online with your financial institution.

Summary

In this chapter, we have discussed the importance of setting up sales tax in QuickBooks so it can automatically calculate sales tax for you. We have shown you how to create an invoice and include sales tax and we have covered the key reports available to help you stay on top of your sales tax liability. It's important to make sure you set up sales tax and use the correct sales tax rate. This will help you to avoid penalties or fees for under-reporting and underpaying sales tax to your state tax office. In the next chapter, we will cover how to record invoices and sales receipts in QuickBooks Online.

Download

Copyright Disclaimer:
This site does not store any files on its server. We only index and link to content provided by other sites. Please contact the content providers to delete copyright contents if any and email us, we'll remove relevant links or contents immediately.