Track Tax on Lot Rental in QuickBooks

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

A: Check out the preference for Sales Tax.

QuickBooks Sales Tax Preferences

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 make sure you entered it correctly.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>