How to Create Sales Tax In QuickBooks Online
To create a QuickBooks sales tax in QuickBooks online is not a very difficult task. Anyone can setup the QuickBooks sales tax in QuickBooks online. To create QuickBooks sales tax in QuickBooks online one can follow the steps mentioned below:
Step 1 set up sales tax preferences report
· Go to the edit menu.
· Select preferences.
· Select sales tax from the preference window. Now go to the company preference tab. Select yes to turn on sales tax.
· Mark both checkboxes to allow you to assign a tax code to each customer in the customer and supplier tax codes.
· Change how the sales tax is displayed on forms. Two options will appear on the display taxes filed
· Set sales tax defaults for items.
· Assign sales tax code you often use.
Step 2 create a tax
agency
· By adding a sales tax agency as a supplier in the QuickBooks desktop.
· Add a tax agency in QuickBooks.
Step 3 Set up Sales
Tax Item or group
· Add sales tax item.
· Now add the rate.
· Set up sales tax group items.
Step 4 assign sales
tax codes
· All the provinces have sales tax codes.
· About zero-rated sales tax.
· About the Default sales tax code.
· To manually add a sales tax code.
· To edit a sales tax code.
The above steps will help you setup sales tax in QuickBooks in case of any doubt contact QuickBooks support phone number. The QuickBooks support phone number is available 24/7.
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