🧾 Mastering QuickBooks Online Sales Tax 2024: Complete Guide for Shopify & Ecommerce | Tips + Setup

🧾 Welcome to our in-depth guide on QuickBooks Online Sales Tax for 2024! Whether you're new to QuickBooks Online or need specific help with sales tax, this video has everything you need to manage taxes with confidence. In this video, Katie Bunschoten, founder of Certum Solutions, walks you through all the steps to optimize your sales tax setup in QuickBooks Online, including integrations with Shopify for ecommerce businesses. 📊
What You’ll Learn in This Video:
🧾 What is Sales Tax?: Understand the basics and how it impacts your business.
🔧 How to Set Up Sales Tax in QuickBooks Online: Step-by-step guide for accurate sales tax tracking.
📍 Locating the Sales Tax Module in QuickBooks: Easily find the tools you need to manage sales tax.
📑 How to Run a Sales Tax Report in QuickBooks: Generate and review your reports for accuracy.
🛒 Sales Tax for Shopify Users: How to handle tax settings when using Shopify as your ecommerce platform.
💡 Expert Tips & Tricks for Sales Tax Compliance: Best practices for simplifying your tax management.
🛠️ Why Watch?
Sales tax can be confusing, but this QuickBooks Online Sales Tax guide breaks it down. We also address some of the most common issues faced by Shopify users and ecommerce businesses, ensuring you're on the right track with your sales tax settings.
🚨 Important Reminder: Sales tax rules vary by state, and QuickBooks allows you to manage your taxes more effectively. But, it's crucial to ensure that your items are marked as taxable when necessary and that you're aware of your nexus status for accurate tax reporting. Third-party apps like Avalara can simplify this process! Avalara and Certum Solutions are software partners, reach out to us for the best pricing!
⚡ If you’re managing multiple platforms (QuickBooks + Shopify), make sure your data is syncing properly to avoid discrepancies. Learn how to check for accuracy between QuickBooks Online and Shopify tax reports.
💼 If you need extra assistance with your QuickBooks sales tax setup, Certum Solutions offers professional accounting support.
👍🔔 Don't forget to like and subscribe for more videos!
💬 Questions? Ask in the comments and we'll respond or create a video on it!
Need Help? Contact Katie Today!
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📲: 980.290.8583
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📲 Office: 980.210.6946
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[@martyb660]

Good afternoon, I had to go back to my clients sales and calculate sales tax that was not broken out, (a total fee was charged for the taxable service)and reduce the total sales and create the liability i have a sales tax payable but I dont have it listed to the NJ Div of taxation. Is this a journal entry fix to move it from one liability to the other or are there things in the system that need to be addressed?

[@CertumSolutions]

You would need to fix it within the sales tax module so it will reflect correctly. Ledger entries usually won’t reflect in other modules.

[@martyb660]

@@CertumSolutions Thank you for your assistance since the sales transactions came through initially without the tax module being properly set up would i need to journal those sales?

[@printability9898]

I enjoyed your video. I really like that you talk fast. It was refreshing. I watched the whole thing without pausing or fast forwarding. I just didn't get the answer to what I was looking for. Since the latest qbo update, the sales tax liability report lists the state as well as the counties. I was wondering if I need to add the numbers together or is the state portion included with the county numbers?

[@CertumSolutions]

You are so nice, thank you!! It depends on what state you are in and if you have a combo tax or not. If you email me [e-mail] I am happy to help you find it and check.

[@jb64ism]

I have had that same thing happening to me in Florida.

[@Paul-Meister-999]

I really like the expression bubbling idiot, it's way better than the more traditional babbling idiot- though this appears accidental it's so funny and charming in a way that I would encourage you to keep using this expression. :)

[@CertumSolutions]

Hi Paul, it’s actually bumbling idiot that I usually say. I got it from my father. 😊

[@CertumSolutions]

dictionary.cambridge.org/dictionary/english/bumbling

[@Paul-Meister-999]

@@CertumSolutionsThank you, my boo boo.

[@Paul-Meister-999]

@@CertumSolutions Cool. 🙂🤓😊

[@HALOEnterprisesInc]

Good morning, my question is concerning tips received from clients, tips are nontaxable. When I enter the sales receipt, there is a section at the bottom of the sales receipt for tips. This is where I enter them. When I look at the sales tax liability report it shows the dollar amount that is nontaxable. Is there a report that will show me a list of the clients that paid the tips?? Also - where would the tip information go on the chart of accounts? I appreciate your time and look forward to your answer.

[@CertumSolutions]

Hello! Depending on the state if the tips are mandatory they can be taxable. If the client can choose the amount to tip and it is blank it typically isn’t, but it depends on the state. Some states see mandatory tip charges as service fees and consider them taxable. (Oi) That being said, tips go to the Undistributed tips account on the Balance Sheet, so I would run a transaction detail by account keying off that account to see which tips were received. Does this help?

[@waqara4241]

I have few questions regarding sales tax on expenses, please guide on email. Regards

[@CertumSolutions]

Hello! Happy to help. [e-mail]

[@Paul-Meister-999]

Instead of killing two birds with one stone maybe you could feed two birds with one snack?! 🧐😯🤓

[@CertumSolutions]

Hahahahaha thank you. That’s funny. 😆 ba dum bshhh