Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Lesson 15: Tracking and Paying Sales Tax If you want QuickBooks to track and pay your sales tax, there are five things you need to

image text in transcribed
Lesson 15: Tracking and Paying Sales Tax If you want QuickBooks to track and pay your sales tax, there are five things you need to do: PPS-OP.\" QuickBooks allows you to group some or all of your tax items so that customers see a single tax amount on your invoices and cash sales receipts. Instead of a sales tax item, this involves creating a . You must distinguish between taxable items and nontaxable items in your . You can assign the appropriate sales tax to a based on the county and state they ve in. If you have set up a default sales tax, assigned taxes to your customers, and marked taxable items, QuickBooks calculates and applies the tax when you make a sale. QuickBooks gives you three ways to determine the amount of your sales tax liability: 1. 2. 3

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Audit Sampling

Authors: Ray Whittington, Dan M Guy, D R Carmichael

5th Edition

047137590X, 9780471375906

More Books

Students also viewed these Accounting questions