Quickbooks How to Add Sales Tax

Quickbooks how to add sales tax. Whether you sell goods or services, some places require you to collect sales tax. But in Quickbooks you need to know how to add sales tax, whether it's to an invoice or to a sales receipt.
Not knowing how to add sales tax in Quickbooks can literally cost you thousands of dollars in penalties and interest with the government. There are also some other things you need to know before you learn how to add sales tax in Quickbooks, like what's taxed and what's not; what the tax rate is; and if there are also any local taxes.
In this video, Quickbooks how to add sales tax, I walk you through step-by-step how to add sales tax as an Item to make sure you get it right each time.

[@QbuniversityOrg]

www.QBUniversity.org/Masterclass - Discover the 4 secrets to learn Quickbooks fast!

[@gabrielchristopher9363]

O always love your tutorials. I was just enjoying how you explain this sales tax video. Now it is vital that Companies or businesses, take note of their state if they collect tax or not and to know the percentage they collect as tax. Also to note that if the state is collecting tax and thr business refuse to collect tax from the customers, that business will have to incur the payment on behalf of the customer. Again, if the tax is collected and not remitted, it is known as stealing. Thank you sir, keep thr videos coming!

[@QbuniversityOrg]

Exactly right, thanks!

[@gabrielchristopher9363]

@@QbuniversityOrg you are welcome sir. You made me love and understand QuickBooks each passing day.

[@QbuniversityOrg]

@@gabrielchristopher9363 that’s awesome!

[@shellbell2065]

What if I invoice sales tax, but they dont pay it when they pay net30?

[@QbuniversityOrg]

They just paid the invoice and excluded the tax?

[@shellbell2065]

@QbuniversityOrg correct. State they as re applying for exemption

[@QbuniversityOrg]

@@shellbell2065 for now leave it as outstanding until they supply you with the tax exemption. If they can’t then they technically owe it. If they do give it to you you can do a credit to zero it out or a sales tax liability adjustment