Vacation rentals sales tax liability
I manage vacation rental property and would like to track sales tax payable, tourist tax payable, county or state sales tax. I can only enter one kind of tax but the accountant wants both on the invoice.
Couple steps for sales tax when you rent vacation properties with and you are on the way:
1. Enter a sales tax authority name as a vendor
2. Set up your sales tax accounts
3. Create sales tax item groups
4. Use the sales tax group item on your invoices