Are you unable to set up and track the sales tax in your accounting software QuickBooks 2018? If your response is positive then you are reading the appropriate blog to get the solution. You can ask for the assistance from the expert professionals available at QuickBooks help for quickly fixing the trouble. QuickBooks is a smart accounting software that not only manages your account needs but also collects the tax and prepares invoices. The new version of this program helps you maintain accurate tax records so as to monitor and submit the details to suitable tax collecting agency.
It is very important to set the sales tax correctly in QuickBooks so the program will analyze the type of customers or goods that will receive the tax. Sales tax is made up of many small taxes. Follow the steps below to set up and track the sales tax.
Setting Up and Tracking Sales Tax in QB 2018
Step 1: Go to the items and services from the home page
Step 2: To set up a new sales tax entity, right click and choose new. Select tax items from the drop-down menu. If you are unable to select the items, change the preference of charging sales tax in the company file
Step 3: Create individual sales tax: Under the vendor, put the department revenue, after that press ok
Step 4: Creating sales tax group: You can right click and go to new option, select Sales tax group from the list.
This software allows you to include the single taxes and well as the combined tax rate. Moreover, you can edit the taxes you created but don’t forget to save every new addition you make otherwise it will result in data and time loss.
You can handle cash basis sales tax, process tax adjustment and display multiple sales tax items on an invoice. There is no need to get confused with the option of setting up taxes for this excellent software. If in doubt, get in touch with QuickBooks customer service which can be accessed 24 hours of the day, round the clock. The technical professionals will clear all your doubts related to tracking the sales tax or other features too.
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