Comments on: Setting Up Sales Tax in QuickBooks

By: Charlie

Charlie — Thu, 07 Jan 2010 00:05:26 +0000

Laura, I hadn’t seen that notice, but I don’t work with the Mac version. The report gives you a lot of detail – you might print it to a PDF or export it to Excel rather than waste a lot of paper.

I’ve seen that kind of recommendation recently in some Windows version errors related to sales tax that came up last month.

I can’t say if that will give you the perfect figures. In my test file, I can see that the two reports have similar values, BUT that transaction report won’t exactly match ALL of the information that you get from the sales tax liability report. It shows the taxable transaction, but not necessarily your liability if you have unpaid liabilities from before (unlikely? not sure). But, if you are careful how you generate the report, and you have been keeping your payments up to date, it should work.

It is a bit of a pain to deal with, though…

By: Laura

Laura — Wed, 06 Jan 2010 23:46:51 +0000

I just spoke to QB’s and they informed me that my sales tax liability report is not working on my mac because I have more than 25 sales tax items (I’m in CA, so that is easy to do without traveling more than 3 cities away). (Knowledge-base ref #1011577) They said I could create a custom transaction detail report, but that only seems to work for one item at a time, resulting in 50 pages of report per month for 50 sales tax items. Does this make sense to you?

By: Charlie

Charlie — Sun, 06 Dec 2009 01:49:00 +0000

Zulfi, there isn’t a “discount” that can be put in the footer, regardless of what you use for the sales tax. What are you trying to accomplish?

By: Zulfi

Zulfi — Sat, 05 Dec 2009 20:10:51 +0000

As we used sales tax at footer of invoice can we use discount in footer.

By: Laura Dion

Laura Dion — Thu, 26 Nov 2009 04:02:35 +0000

You are very welcome, Lisa.

By: Lisa

Lisa — Wed, 25 Nov 2009 18:12:30 +0000

Thank you so much Laura! It worked like a charm!

By: Charlie

Charlie — Tue, 03 Nov 2009 00:29:50 +0000

Thanks, Laura!

Folks, Laura has a web site at http://www.centsablebookkeeping.com/ and I highly recommend her if you need help with bookkeeping services and QuickBooks.

By: Laura Dion

Laura Dion — Tue, 03 Nov 2009 00:24:28 +0000

Try creating a journal entry.

_Debit Sales Tax Payable with the sales tax vendor name attached.

_Credit “Other Income” with a note in the memo field.

Then, when you go to pay the sales tax, put the amount paid (+) and the amount credited (-), giving you an adjusted check.

Post back with your results.

By: Lisa

Lisa — Mon, 02 Nov 2009 20:33:27 +0000

The taxation and revenue dept issued us a credit for overpayment from last year. They agreed to apply it to future months, but how do I show the credit when I go to pay the sales tax in QB?

Thanks

By: Charlie

Charlie — Sat, 31 Oct 2009 01:49:14 +0000

Sorry, Diane , I don’t know of a list like that. The rates aren’t that tough, the real problem is the groups.