Sales Tax
Working With Taxable & Non-taxable Items and Customers
QuickBooks can handle both taxable and non-taxable customers and sales using the same item list. Find out how by watching this YouTube video. Continue reading
QuickBooks 2011 – New Balance Sheet by Class Report – Part 5
The Balance Sheet by Class Report was first introduced with QuickBooks 2011, however, it is also available in QuickBooks 2012, 2013, and 2014; has specific requirements for handling many or our normal day-to-day transactions.
A Sales Tax Liability check, causes the amount of the payment to display in the Unclassified column of the Balance Sheet by Class Report - a Journal Entry is required to correct it. Continue reading
QuickBooks 2011 – New Sales by Ship To Address Report
First introduced in QuickBooks 2011, however, also available in QuickBooks 2012, 2013, and 2014
Retailers could modify this report and filter it by specific item to see which item is popular in which Cities and States. This information could then be used to determine which items they should discontinue or which items are the most popular so they could run a "sales promotion" on those items focused on specific cities and states. Continue reading
QuickBooks Tip – Tracking Two Different Sales Tax Amounts
In addition to needing to charge a fixed percentage (6%) of Sales Tax to each customer, I am also required to charge a 1 1/2% Discretionary Tax on the first $5,000.00 of each job/project/total Estimate. How do I accomplish this using QuickBooks? Continue reading
About Your Host:
Nancy Smyth, Sunburst Software Solutions, Inc.QuickBooks Construction & Payroll Expert
I've been using and supporting QuickBooks products since the early 1990's. I've worked with thousands of contractors, assisting them with QuickBooks setup, Certified Payroll Reporting requirements, AIA Billing and Weighted-Average Overtime.
QuickBooks is a powerful product, but learning how to use it in your construction business can be difficult. I hope you find resources available here to be helpful.
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