Paying sales tax


show more Paying sales tax provides you with in-depth training on Business. Taught by Bonnie Biafore as part of the QuickBooks Pro 2010 Essential Training show less
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Paying sales tax

After you set up sales tax in QuickBooks, the program automatically calculates and adds it to the invoices and sales receipts you create. It keeps track of the sales taxes you collect from your customers and knows how much you owe to each tax agency. The Pay Sales Tax command lets you select the tax payments you have to make and write the checks to pay them. On the Vendors menu choose Sales Tax then Pay Sales Tax.

In the Pay Sales Tax window, QuickBooks fills in the Pay From Account box with your checking account. If you want to pay from a different account, choose it in the dropdown list. The program fills in the Show sales tax due through date based on how frequently you pay sales tax. If you have to pay monthly the program fills in the last day of the previous month. The sales taxes you owe also depend on whether you use accrual or cash accounting, as you learned in the video on setting up sales tax.

To pay all the sales taxes listed, below the table click Pay All Tax. QuickBooks adds a...

Paying sales tax
Video duration: 2m 17s 3h 45m Beginner

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Paying sales tax provides you with in-depth training on Business. Taught by Bonnie Biafore as part of the QuickBooks Pro 2010 Essential Training

Subject:
Business
Software:
QuickBooks
Author:
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