Track tax on lot rental in QuickBooks

Track tax on lot rental in QuickBooks

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

A: Check out the preference for Sales Tax.

Create a Rent Item for the track tax on lot rental in QuickBooks.

When creating an 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.

Gita Faust

About the Author

Gita Faust has over 30 years of accounting experience in the real estate and property management industry, Gita Faust is more than just a real estate investor; she is also popular for her work as an accountant, consultant, mentor, speaker, QuickBooks Top ProAdvisor, QuickBooks Solution Provider, member of Intuit’s Trainer/Writer Network, and, of course, author. Gita is well-known for her exemplary leadership and advisory skills. In fact, she even helped pioneer the adaptation of QuickBooks to suit the needs of professionals in real estate and property management. To share her knowledge she has written a series of courses titled Simplified Accounting Solution, which provides step-by-step guidance for those working with QuickBooks.

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