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Lance invoicing software download1/8/2024 ![]() If you do the math, you will find nontaxable sales of $45,345. The next screenshot is the Sales Tax Revenue Summary report. This is where the multiple sales tax codes come in. It shows sales taxable and non-taxable and in which sales tax jurisdiction the sale was made.Īnyone who has ever completed a sales tax return knows one must report not only how many dollars in sales were nontaxable, but why those sales were not taxable. Reports->Vendors & Payables->Sales Tax Liability. The Sales Tax Liability report is the most common report used for reporting sales tax. The sales tax line shows sales tax of $7.75, which is the tax amount for line two of the invoice. The send line of the invoice is a $100 sale marked Taxable. The sales tax code has been changed, that can be done manually on each line of the invoice if desired, to OUT, designating this as a nontaxable out of state sale. The first line of the invoice is a sale of $500. It’s done this way to demonstrate the sales tax feature. Here is an invoice you will never create. As a result, when we choose Jennifer as the customer on an invoice, QuickBooks automatically marks the sale with the RES (Resale) sales tax code and makes the sales tax amount zero. ![]() Jennifer Fisher is the customer we edited, telling QuickBooks she was ordinarily a resale customer so should not be charged sales tax. Let’s create a couple of invoices to test our setup. ![]()
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