How do I see tax code in QuickBooks online?

Posted by jackupjaems on September 4th, 2017

How do I see tax code in QuickBooks online?

In this answer QuickBooks online Tax codes help keep your company’s tax files accurate. You can add a tax code for items or expenses using the Sales Tax Code List. Once you have used a sales tax code for an item or expense, you won’t be able to edit the percentage rate. In those cases, you have to create a new sales tax code to apply to future items that use the new rate. The requirement to create a new sales tax code protects you, since the sales taxes you charged on previous sales would no longer be accurate and you would end up reporting inaccurate financial information.

In QuickBooks Online, there is currently not an option to set a default tax code for each individual customer. If you need to charge a different tax code to a certain customer, you would manually need to change the Sales Tax Code on the invoice.

Enable Sales Tax within QuickBooks Online:

  • In the left-hand navigation, toTaxes > Sales Tax. The Sales Tax Center
  • If you have no sales tax rates set up, click the Set Up Sales Tax Rates button to create a new one. If you already have sales tax rates set up, please see the section below titled Add/Edit Rates.
  • Add your rates and agencies and click

Hope this answer will be helpful for you. For more information about importing invoices into QuickBooks, dial our QuickBooks online support phone number+1-855-441-4417 You can ask any query related to QuickBooks from well qualified and experienced accounting experts.

 https://www.askproadvisor.com/question/how-do-i-see-tax-code-in-quickbook-online/

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jackupjaems
Joined: June 26th, 2017
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