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This QuickBooks Online Sales Tax training tutorial will show you how to activate sales tax in QuickBooks Online. After using the account settings window (or company settings window) to acxtivate or “switch on” the sales tax feature, you must input the address of the business primary location. This is what the sales tax rates will be based on. After activating sales tax, you will see that there are fields added to invoices and receipts for sales tax. You will see that you are able to activate the sales tax center. The first time you open the sales tax center, you will confirm that your address that you put in the company settings window is the address that your state sales tax is based on. Then you will see the tax rules for your location regarding the rate you must charge and collect sales tax with It will show you how often you must send in the sales tax owed and the general rules of your specific sales tax. It knows this by the location of your company. You will then see the first invoice created with sales tax and see how the information about the sales tax you changes will show up in the sales tax center. It will accumulate by sales tax period and the sales tax center shows all taxes owed by sales tax period. It wills how the status of each tax period that you collected for as “owed” or “due” or “past due” until it’s paid for that period. The sales tax reports show the same thing as the sales tax center and it will be “in synch” with the accounts in the trial balance.
This entire QuickBooks Online Sales Tax Playlist was created to show everybody everywhere how to record sales tax in QuickBooks online and how to manage sales tax and record sales tax transactions of any kind when using the QuickBooks Online Sales tax Center. Every possible concept that relates to sales tax ideas or actions involving paying sales tax or adjusting sales tax between sales tax periods or having multiple sales taxes, will be addressed in this full sales tax manual course for QuickBooks online. You will be able to manage your relationship with the sales tax agencies that you submit and pay the sales tax to. All Sales tax reports available will be utilized when using this QuickBooks Online feature.
So enjoy this QuickBooks Online video training tutorial and its a step-by-step course that shows you exactly how to record and manage ANY sales tax related situation when using QuickBooks ONLINE.
The full QuickBooks Sales Tax Online play list is here:
• QuickBooks Online Atto...
The desktop course for sales tax is here:
• How To Set Up Sales Ta...
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