Tag Archives: sales tax

QuickBooks Sales Tax: Company Preferences

The Sales Tax screen houses all of the options that pertain to Sales Tax. If you do not sellQuickBooks: Sales Tax: Company Preferences 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.

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 Continue reading

Two QuickBooks Reports for Sales Tax

Sales Tax ReportsHow 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, Continue reading