All Entries Tagged With: "Sales Tax"

QuickBooks 2009 R11 Update: Fixes PDF Printer Problems with 64 Bit Systems

Intuit has released the R11 update of QuickBooks 2009 to manual update today (a date has not been officially announced for automatic update). This release contains an anxiously awaited fix to the faulty PDF driver for 64 bit systems, as well as some other important fixes.

QuickBooks 2010 R5 Update

Intuit has released the QuickBooks 2010 R5 update to manual update, and probably to automatic update later today. This update includes the features I talked about from the short lived R4 update a few weeks ago, without the sales tax bug that was introduced. Let me summarize the “revision mania” here. Then I’ll talk about the changes, and give a recommendation.

QuickBooks 2009 R10, 2010 R4, and Sales Tax

My apologies for ANOTHER article on product updates, but things have been changing fast in the past few days and I want to summarize what is going on. The primary focus here is on sales tax in the 2009 and 2010 desktop versions of QuickBook.

QuickBooks 2009 R10

The QuickBooks 2009 R10 release is available via Manual Update. It will be released via Automatic Update in a few days, most likely.

QuickBooks 2009 R10 Update Coming

A quick note about an upcoming release of QuickBooks 2009 – the R10 release. This should be ready on December 15. This should fix the problem with the sales tax report as I talked about in an earlier article. Please note that I have not tested this at this time (it isn’t generally available). Update 12/15/2009- R10 has been released, see my followup article on R10 for more details.

QuickBooks 2009 R9 Sales Tax Problem

According to this Intuit KB article, there is a problem with the R9 update of QuickBooks 2009 that relates to sales tax. The article says that some Sales Tax reports are not displaying correctly. This affects the Sales Tax Liability and Sales Tax Revenue reports. If you work with sales tax in QuickBooks these are critical reports.

Changing QuickBooks Sales Tax Rates Mid-Year

You have your sales tax items and rates all set up, you have the sales tax rate selected for each customer, you can generate your reports, you are all set! HOWEVER – what do you do if a sales tax rate changes in the middle of the year? Today I’ll talk about some ways to handle this situation. I am going to assume you understand how to set up sales tax in QuickBooks (see my article on how to set up sales tax in QuickBooks).

How QuickBooks Shows Sales Tax on Invoices

In my prior article on sales tax in QuickBooks I showed you how to set up QuickBooks to properly manage sales tax. Now lets see how QuickBooks displays the sales tax in an invoice. When you add sales tax to an invoice we need it to show somewhere on the printed form so that the customer can see all charges that go into the total.

Setting Up Sales Tax in QuickBooks

I see a lot of questions about sales tax in the Intuit Community forums, so I’ll give a quick overview of how to set it up in QuickBooks.

Some Concepts

If you are going to charge sales tax on an invoice, several things must be set up:

• The sales tax preference must be enabled.
• You need one or more sales tax items and possibly some sales tax groups in your Item List.
• When you create an invoice, you must have a taxable customer tax code selected, a sales tax item or sales tax group selected for the tax, and any taxable charges must be set as being taxable on the detail line.