Working With Taxable & Non-taxable Items and Customers
Customers & Accounts Receivable, Free & Fee-Based QuickBooks eBooks, Questions from our readers, QuickBooks Setup & Cleanup, Webinars & Training
Working with taxable and non-taxable items and customers in QuickBooks sometimes just freaks people out and causes them to over think the entire situation. I'm frequently asked how to do this by people who are setting up our AIA billing program - here's a question that I received recently. I am getting ready to set the AIA billing program {Construction Application for Payment Solution} up tomorrow and just have a few questions. Should the income items each be posted to an income general ledger account? Or will I use the subtotal line to point to an income account? If I have to post each income item to an income account - I will have to do 2 sets of them, one for wholesale (no tax) and one for retail (taxable)…