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Subject Author Date
How to pay State Tax for use of material Manuel Davila 10-09-2006
Posted by Laura on October 9, 2006, 9:15 pm
Please log in for more thread options
 How did you get the Discount to include the tax amount? Is the tax line
manually added or calculated at the bottom of the invoice?

> Laura,
>
> Thank you for taking the time to test the routine. If you discount the
> full total of the invoice (as non-taxable) then the invoice will show as
> paid in full, hence no need to create a bill to pay it.
>
> Material: 100.00
> Disc: -110.00 (non taxable)
> Tax 10.00 (was still kept in the invoice!)
> Total 0.00 (invoice paid in full, no need to create a bill)
>
>
>
> This is the exact result desired:
>
> 1.. No need to create a second redundant transaction to paid the bill
> 2.. The ST will still show in the Tax Liability
> 3.. Transaction can be tracked
> Thanks again,
> Manuel
>
>
>
>>I tested out the Discount routine and it looks like it works perfectly. I
>>did have to redit the item and change it to be non-taxable for it to work
>>right. I can't see any issues with it especially since you probably should
>>not be showing this as income to the company in the first place. Using
>>this discount method eliminates this problem.
>>
>> I do have one correction to your example. My testing came out to the
>> following:
>>
>> Original Invoice was:
>>
>> Material 100.00
>> Tax 10.00
>> Total 110.00
>>
>> Invoice with total amount discounted:
>>
>> Material: 100.00
>> Disc: -100.00 (non taxable)
>> Tax 10.00 (was still kept in the invoice!)
>> Total 10.00 (sales tax only)
>>
>> This leaves the sales tax liability that you are looking for plus removes
>> the sale of the materials that you should not be showing on the books.
>>
>>> Laura,
>>>
>>> Thank you so much for the answer. All my items are Non-Inventory, so no
>>> problem having to update the stock. Pursuing the new customer avenue and
>>> of course entering the invoice items at cost there is no problem. But,
>>> to pay the Invoice will require that the company must be set as a Vendor
>>> as well, correct? Do I have to write a check? Can the bill (invoice) be
>>> paid otherwise without having to use the bank register?
>>>
>>>
>>>
>>> How about if I create an item called discount (or Company Use) then
>>> posting it in the invoice discounting 100% the Total value of the
>>> invoice? I tried that and indeed the tax appeared in the Sales Tax
>>> Liability report!
>>>
>>>
>>>
>>> Example:
>>>
>>> Original Invoice was:
>>>
>>> Material 100.00
>>>
>>> Tax 10.00
>>>
>>> Total 110.00
>>>
>>>
>>>
>>> Invoice with total amount discounted:
>>>
>>> Material: 100.00
>>>
>>> Disc: -110.00 (new line)
>>>
>>> Tax 10.00 (was still kept in the invoice!)
>>>
>>> Total 0.00 (total is now 0)
>>>
>>>
>>>
>>> Is this orthodox or it will cause other problems?
>>>
>>>
>>>
>>> TIA
>>>
>>> Manuel
>>>
>>>
>>>
>>>>> Hello Group,
>>>>> How to pay the State Sales & Use Tax for material that was purchased
>>>>> with resale tax-exempt status.
>>>>>
>>>>> Here is the situation: I run a small computer business. I built a
>>>>> Computer for the company using tax exempt parts.
>>>>>
>>>>> Now I have to pay the "Sales and Use Sales Tax" (GA requirement). How
>>>>> can I do that in QB?
>>>>>
>>>>> Should I add my company as a new customer and create an Invoice, and
>>>>> then.?
>>>>>
>>>>> Thanks in advance
>>>>
>>>> That's certainly one way to do it. Treat your company as a customer via
>>>> an invoice. Then just pay that invoice and just deposit that check back
>>>> into the company.
>>>>
>>>> You could also do a journal entry to debit purchases and credit sales
>>>> tax payable. Then just cut a check to the state for the accumulated
>>>> sales tax due. If this is a one time event then you could just use
>>>> Write Checks to the state posting it to the purchase account.
>>>>
>>>> If these parts are posted to inventory then I would probably go with
>>>> the customer route so that the inventory is adjusted properly. With
>>>> method 2 you would need to do an inventory adjustment to remove those
>>>> parts used.
>>>>
>>>
>>>
>>
>
>


Posted by Manuel Davila on October 9, 2006, 9:20 pm
Please log in for more thread options
No. no, QB (2006) is smart enough to keep the sales TAX!!
This is uncle SAM's trick: you can discount the whole thing except of ourse
you still have to pay the Tax :-)
Just tried and you'll see


> How did you get the Discount to include the tax amount? Is the tax line
> manually added or calculated at the bottom of the invoice?
>
>> Laura,
>>
>> Thank you for taking the time to test the routine. If you discount the
>> full total of the invoice (as non-taxable) then the invoice will show as
>> paid in full, hence no need to create a bill to pay it.
>>
>> Material: 100.00
>> Disc: -110.00 (non taxable)
>> Tax 10.00 (was still kept in the invoice!)
>> Total 0.00 (invoice paid in full, no need to create a bill)
>>
>>
>>
>> This is the exact result desired:
>>
>> 1.. No need to create a second redundant transaction to paid the bill
>> 2.. The ST will still show in the Tax Liability
>> 3.. Transaction can be tracked
>> Thanks again,
>> Manuel
>>
>>
>>
>>>I tested out the Discount routine and it looks like it works perfectly. I
>>>did have to redit the item and change it to be non-taxable for it to work
>>>right. I can't see any issues with it especially since you probably
>>>should not be showing this as income to the company in the first place.
>>>Using this discount method eliminates this problem.
>>>
>>> I do have one correction to your example. My testing came out to the
>>> following:
>>>
>>> Original Invoice was:
>>>
>>> Material 100.00
>>> Tax 10.00
>>> Total 110.00
>>>
>>> Invoice with total amount discounted:
>>>
>>> Material: 100.00
>>> Disc: -100.00 (non taxable)
>>> Tax 10.00 (was still kept in the invoice!)
>>> Total 10.00 (sales tax only)
>>>
>>> This leaves the sales tax liability that you are looking for plus
>>> removes the sale of the materials that you should not be showing on the
>>> books.
>>>
>>>> Laura,
>>>>
>>>> Thank you so much for the answer. All my items are Non-Inventory, so no
>>>> problem having to update the stock. Pursuing the new customer avenue
>>>> and of course entering the invoice items at cost there is no problem.
>>>> But, to pay the Invoice will require that the company must be set as a
>>>> Vendor as well, correct? Do I have to write a check? Can the bill
>>>> (invoice) be paid otherwise without having to use the bank register?
>>>>
>>>>
>>>>
>>>> How about if I create an item called discount (or Company Use) then
>>>> posting it in the invoice discounting 100% the Total value of the
>>>> invoice? I tried that and indeed the tax appeared in the Sales Tax
>>>> Liability report!
>>>>
>>>>
>>>>
>>>> Example:
>>>>
>>>> Original Invoice was:
>>>>
>>>> Material 100.00
>>>>
>>>> Tax 10.00
>>>>
>>>> Total 110.00
>>>>
>>>>
>>>>
>>>> Invoice with total amount discounted:
>>>>
>>>> Material: 100.00
>>>>
>>>> Disc: -110.00 (new line)
>>>>
>>>> Tax 10.00 (was still kept in the invoice!)
>>>>
>>>> Total 0.00 (total is now 0)
>>>>
>>>>
>>>>
>>>> Is this orthodox or it will cause other problems?
>>>>
>>>>
>>>>
>>>> TIA
>>>>
>>>> Manuel
>>>>
>>>>
>>>>
>>>>>> Hello Group,
>>>>>> How to pay the State Sales & Use Tax for material that was purchased
>>>>>> with resale tax-exempt status.
>>>>>>
>>>>>> Here is the situation: I run a small computer business. I built a
>>>>>> Computer for the company using tax exempt parts.
>>>>>>
>>>>>> Now I have to pay the "Sales and Use Sales Tax" (GA requirement). How
>>>>>> can I do that in QB?
>>>>>>
>>>>>> Should I add my company as a new customer and create an Invoice, and
>>>>>> then.?
>>>>>>
>>>>>> Thanks in advance
>>>>>
>>>>> That's certainly one way to do it. Treat your company as a customer
>>>>> via an invoice. Then just pay that invoice and just deposit that check
>>>>> back into the company.
>>>>>
>>>>> You could also do a journal entry to debit purchases and credit sales
>>>>> tax payable. Then just cut a check to the state for the accumulated
>>>>> sales tax due. If this is a one time event then you could just use
>>>>> Write Checks to the state posting it to the purchase account.
>>>>>
>>>>> If these parts are posted to inventory then I would probably go with
>>>>> the customer route so that the inventory is adjusted properly. With
>>>>> method 2 you would need to do an inventory adjustment to remove those
>>>>> parts used.
>>>>>
>>>>
>>>>
>>>
>>
>>
>



Posted by Laura on October 9, 2006, 9:32 pm
Please log in for more thread options
You just lost me. I put in the discount amount of 100% it picked up just the
100 but left the balance of the sales tax calculated at the bottom. That
amount is still due in my test.

>
> No. no, QB (2006) is smart enough to keep the sales TAX!!
> This is uncle SAM's trick: you can discount the whole thing except of
> ourse you still have to pay the Tax :-)
> Just tried and you'll see
>
>
>> How did you get the Discount to include the tax amount? Is the tax line
>> manually added or calculated at the bottom of the invoice?
>>
>>> Laura,
>>>
>>> Thank you for taking the time to test the routine. If you discount the
>>> full total of the invoice (as non-taxable) then the invoice will show as
>>> paid in full, hence no need to create a bill to pay it.
>>>
>>> Material: 100.00
>>> Disc: -110.00 (non taxable)
>>> Tax 10.00 (was still kept in the invoice!)
>>> Total 0.00 (invoice paid in full, no need to create a bill)
>>>
>>>
>>>
>>> This is the exact result desired:
>>>
>>> 1.. No need to create a second redundant transaction to paid the bill
>>> 2.. The ST will still show in the Tax Liability
>>> 3.. Transaction can be tracked
>>> Thanks again,
>>> Manuel
>>>
>>>
>>>
>>>>I tested out the Discount routine and it looks like it works perfectly.
>>>>I did have to redit the item and change it to be non-taxable for it to
>>>>work right. I can't see any issues with it especially since you probably
>>>>should not be showing this as income to the company in the first place.
>>>>Using this discount method eliminates this problem.
>>>>
>>>> I do have one correction to your example. My testing came out to the
>>>> following:
>>>>
>>>> Original Invoice was:
>>>>
>>>> Material 100.00
>>>> Tax 10.00
>>>> Total 110.00
>>>>
>>>> Invoice with total amount discounted:
>>>>
>>>> Material: 100.00
>>>> Disc: -100.00 (non taxable)
>>>> Tax 10.00 (was still kept in the invoice!)
>>>> Total 10.00 (sales tax only)
>>>>
>>>> This leaves the sales tax liability that you are looking for plus
>>>> removes the sale of the materials that you should not be showing on the
>>>> books.
>>>>
>>>>> Laura,
>>>>>
>>>>> Thank you so much for the answer. All my items are Non-Inventory, so
>>>>> no problem having to update the stock. Pursuing the new customer
>>>>> avenue and of course entering the invoice items at cost there is no
>>>>> problem. But, to pay the Invoice will require that the company must be
>>>>> set as a Vendor as well, correct? Do I have to write a check? Can the
>>>>> bill (invoice) be paid otherwise without having to use the bank
>>>>> register?
>>>>>
>>>>>
>>>>>
>>>>> How about if I create an item called discount (or Company Use) then
>>>>> posting it in the invoice discounting 100% the Total value of the
>>>>> invoice? I tried that and indeed the tax appeared in the Sales Tax
>>>>> Liability report!
>>>>>
>>>>>
>>>>>
>>>>> Example:
>>>>>
>>>>> Original Invoice was:
>>>>>
>>>>> Material 100.00
>>>>>
>>>>> Tax 10.00
>>>>>
>>>>> Total 110.00
>>>>>
>>>>>
>>>>>
>>>>> Invoice with total amount discounted:
>>>>>
>>>>> Material: 100.00
>>>>>
>>>>> Disc: -110.00 (new line)
>>>>>
>>>>> Tax 10.00 (was still kept in the invoice!)
>>>>>
>>>>> Total 0.00 (total is now 0)
>>>>>
>>>>>
>>>>>
>>>>> Is this orthodox or it will cause other problems?
>>>>>
>>>>>
>>>>>
>>>>> TIA
>>>>>
>>>>> Manuel
>>>>>
>>>>>
>>>>>
>>>>>>> Hello Group,
>>>>>>> How to pay the State Sales & Use Tax for material that was purchased
>>>>>>> with resale tax-exempt status.
>>>>>>>
>>>>>>> Here is the situation: I run a small computer business. I built a
>>>>>>> Computer for the company using tax exempt parts.
>>>>>>>
>>>>>>> Now I have to pay the "Sales and Use Sales Tax" (GA requirement).
>>>>>>> How can I do that in QB?
>>>>>>>
>>>>>>> Should I add my company as a new customer and create an Invoice, and
>>>>>>> then.?
>>>>>>>
>>>>>>> Thanks in advance
>>>>>>
>>>>>> That's certainly one way to do it. Treat your company as a customer
>>>>>> via an invoice. Then just pay that invoice and just deposit that
>>>>>> check back into the company.
>>>>>>
>>>>>> You could also do a journal entry to debit purchases and credit sales
>>>>>> tax payable. Then just cut a check to the state for the accumulated
>>>>>> sales tax due. If this is a one time event then you could just use
>>>>>> Write Checks to the state posting it to the purchase account.
>>>>>>
>>>>>> If these parts are posted to inventory then I would probably go with
>>>>>> the customer route so that the inventory is adjusted properly. With
>>>>>> method 2 you would need to do an inventory adjustment to remove those
>>>>>> parts used.
>>>>>>
>>>>>
>>>>>
>>>>
>>>
>>>
>>
>
>


Posted by Manuel Davila on October 9, 2006, 10:00 pm
Please log in for more thread options
How did you set up the discount?
I used QB Discount account, which by the way does not let you enter quantity
and when you enter the amount in "discount rate" it will put it
automatically in -X format.

If you want I can send u a copy of the invoice to you email. Mine is
(medavila@atscomputes.com).

> You just lost me. I put in the discount amount of 100% it picked up just
> the 100 but left the balance of the sales tax calculated at the bottom.
> That amount is still due in my test.
>
>>
>> No. no, QB (2006) is smart enough to keep the sales TAX!!
>> This is uncle SAM's trick: you can discount the whole thing except of
>> ourse you still have to pay the Tax :-)
>> Just tried and you'll see
>>
>>
>>> How did you get the Discount to include the tax amount? Is the tax line
>>> manually added or calculated at the bottom of the invoice?
>>>
>>>> Laura,
>>>>
>>>> Thank you for taking the time to test the routine. If you discount the
>>>> full total of the invoice (as non-taxable) then the invoice will show
>>>> as paid in full, hence no need to create a bill to pay it.
>>>>
>>>> Material: 100.00
>>>> Disc: -110.00 (non taxable)
>>>> Tax 10.00 (was still kept in the invoice!)
>>>> Total 0.00 (invoice paid in full, no need to create a bill)
>>>>
>>>>
>>>>
>>>> This is the exact result desired:
>>>>
>>>> 1.. No need to create a second redundant transaction to paid the bill
>>>> 2.. The ST will still show in the Tax Liability
>>>> 3.. Transaction can be tracked
>>>> Thanks again,
>>>> Manuel
>>>>
>>>>
>>>>
>>>>>I tested out the Discount routine and it looks like it works perfectly.
>>>>>I did have to redit the item and change it to be non-taxable for it to
>>>>>work right. I can't see any issues with it especially since you
>>>>>probably should not be showing this as income to the company in the
>>>>>first place. Using this discount method eliminates this problem.
>>>>>
>>>>> I do have one correction to your example. My testing came out to the
>>>>> following:
>>>>>
>>>>> Original Invoice was:
>>>>>
>>>>> Material 100.00
>>>>> Tax 10.00
>>>>> Total 110.00
>>>>>
>>>>> Invoice with total amount discounted:
>>>>>
>>>>> Material: 100.00
>>>>> Disc: -100.00 (non taxable)
>>>>> Tax 10.00 (was still kept in the invoice!)
>>>>> Total 10.00 (sales tax only)
>>>>>
>>>>> This leaves the sales tax liability that you are looking for plus
>>>>> removes the sale of the materials that you should not be showing on
>>>>> the books.
>>>>>
>>>>>> Laura,
>>>>>>
>>>>>> Thank you so much for the answer. All my items are Non-Inventory, so
>>>>>> no problem having to update the stock. Pursuing the new customer
>>>>>> avenue and of course entering the invoice items at cost there is no
>>>>>> problem. But, to pay the Invoice will require that the company must
>>>>>> be set as a Vendor as well, correct? Do I have to write a check? Can
>>>>>> the bill (invoice) be paid otherwise without having to use the bank
>>>>>> register?
>>>>>>
>>>>>>
>>>>>>
>>>>>> How about if I create an item called discount (or Company Use) then
>>>>>> posting it in the invoice discounting 100% the Total value of the
>>>>>> invoice? I tried that and indeed the tax appeared in the Sales Tax
>>>>>> Liability report!
>>>>>>
>>>>>>
>>>>>>
>>>>>> Example:
>>>>>>
>>>>>> Original Invoice was:
>>>>>>
>>>>>> Material 100.00
>>>>>>
>>>>>> Tax 10.00
>>>>>>
>>>>>> Total 110.00
>>>>>>
>>>>>>
>>>>>>
>>>>>> Invoice with total amount discounted:
>>>>>>
>>>>>> Material: 100.00
>>>>>>
>>>>>> Disc: -110.00 (new line)
>>>>>>
>>>>>> Tax 10.00 (was still kept in the invoice!)
>>>>>>
>>>>>> Total 0.00 (total is now 0)
>>>>>>
>>>>>>
>>>>>>
>>>>>> Is this orthodox or it will cause other problems?
>>>>>>
>>>>>>
>>>>>>
>>>>>> TIA
>>>>>>
>>>>>> Manuel
>>>>>>
>>>>>>
>>>>>>
>>>>>>>> Hello Group,
>>>>>>>> How to pay the State Sales & Use Tax for material that was
>>>>>>>> purchased with resale tax-exempt status.
>>>>>>>>
>>>>>>>> Here is the situation: I run a small computer business. I built a
>>>>>>>> Computer for the company using tax exempt parts.
>>>>>>>>
>>>>>>>> Now I have to pay the "Sales and Use Sales Tax" (GA requirement).
>>>>>>>> How can I do that in QB?
>>>>>>>>
>>>>>>>> Should I add my company as a new customer and create an Invoice,
>>>>>>>> and then.?
>>>>>>>>
>>>>>>>> Thanks in advance
>>>>>>>
>>>>>>> That's certainly one way to do it. Treat your company as a customer
>>>>>>> via an invoice. Then just pay that invoice and just deposit that
>>>>>>> check back into the company.
>>>>>>>
>>>>>>> You could also do a journal entry to debit purchases and credit
>>>>>>> sales tax payable. Then just cut a check to the state for the
>>>>>>> accumulated sales tax due. If this is a one time event then you
>>>>>>> could just use Write Checks to the state posting it to the purchase
>>>>>>> account.
>>>>>>>
>>>>>>> If these parts are posted to inventory then I would probably go with
>>>>>>> the customer route so that the inventory is adjusted properly. With
>>>>>>> method 2 you would need to do an inventory adjustment to remove
>>>>>>> those parts used.
>>>>>>>
>>>>>>
>>>>>>
>>>>>
>>>>
>>>>
>>>
>>
>>
>



Posted by Manuel Davila on October 9, 2006, 10:34 pm
Please log in for more thread options
Be sure that you leave under "Tax Code: [TAX} discount is applied before
Tax" in the edit item (discount) window, do not check NON.
Gotta go nit-nite, the Boss is calling

> How did you set up the discount?
> I used QB Discount account, which by the way does not let you enter
> quantity and when you enter the amount in "discount rate" it will put it
> automatically in -X format.
>
> If you want I can send u a copy of the invoice to you email. Mine is
> (medavila@atscomputes.com).
>
>> You just lost me. I put in the discount amount of 100% it picked up just
>> the 100 but left the balance of the sales tax calculated at the bottom.
>> That amount is still due in my test.
>>
>>>
>>> No. no, QB (2006) is smart enough to keep the sales TAX!!
>>> This is uncle SAM's trick: you can discount the whole thing except of
>>> ourse you still have to pay the Tax :-)
>>> Just tried and you'll see
>>>
>>>
>>>> How did you get the Discount to include the tax amount? Is the tax line
>>>> manually added or calculated at the bottom of the invoice?
>>>>
>>>>> Laura,
>>>>>
>>>>> Thank you for taking the time to test the routine. If you discount
>>>>> the full total of the invoice (as non-taxable) then the invoice will
>>>>> show as paid in full, hence no need to create a bill to pay it.
>>>>>
>>>>> Material: 100.00
>>>>> Disc: -110.00 (non taxable)
>>>>> Tax 10.00 (was still kept in the invoice!)
>>>>> Total 0.00 (invoice paid in full, no need to create a bill)
>>>>>
>>>>>
>>>>>
>>>>> This is the exact result desired:
>>>>>
>>>>> 1.. No need to create a second redundant transaction to paid the bill
>>>>> 2.. The ST will still show in the Tax Liability
>>>>> 3.. Transaction can be tracked
>>>>> Thanks again,
>>>>> Manuel
>>>>>
>>>>>
>>>>>
>>>>>>I tested out the Discount routine and it looks like it works
>>>>>>perfectly. I did have to redit the item and change it to be
>>>>>>non-taxable for it to work right. I can't see any issues with it
>>>>>>especially since you probably should not be showing this as income to
>>>>>>the company in the first place. Using this discount method eliminates
>>>>>>this problem.
>>>>>>
>>>>>> I do have one correction to your example. My testing came out to the
>>>>>> following:
>>>>>>
>>>>>> Original Invoice was:
>>>>>>
>>>>>> Material 100.00
>>>>>> Tax 10.00
>>>>>> Total 110.00
>>>>>>
>>>>>> Invoice with total amount discounted:
>>>>>>
>>>>>> Material: 100.00
>>>>>> Disc: -100.00 (non taxable)
>>>>>> Tax 10.00 (was still kept in the invoice!)
>>>>>> Total 10.00 (sales tax only)
>>>>>>
>>>>>> This leaves the sales tax liability that you are looking for plus
>>>>>> removes the sale of the materials that you should not be showing on
>>>>>> the books.
>>>>>>
>>>>>>> Laura,
>>>>>>>
>>>>>>> Thank you so much for the answer. All my items are Non-Inventory, so
>>>>>>> no problem having to update the stock. Pursuing the new customer
>>>>>>> avenue and of course entering the invoice items at cost there is no
>>>>>>> problem. But, to pay the Invoice will require that the company must
>>>>>>> be set as a Vendor as well, correct? Do I have to write a check? Can
>>>>>>> the bill (invoice) be paid otherwise without having to use the bank
>>>>>>> register?
>>>>>>>
>>>>>>>
>>>>>>>
>>>>>>> How about if I create an item called discount (or Company Use) then
>>>>>>> posting it in the invoice discounting 100% the Total value of the
>>>>>>> invoice? I tried that and indeed the tax appeared in the Sales Tax
>>>>>>> Liability report!
>>>>>>>
>>>>>>>
>>>>>>>
>>>>>>> Example:
>>>>>>>
>>>>>>> Original Invoice was:
>>>>>>>
>>>>>>> Material 100.00
>>>>>>>
>>>>>>> Tax 10.00
>>>>>>>
>>>>>>> Total 110.00
>>>>>>>
>>>>>>>
>>>>>>>
>>>>>>> Invoice with total amount discounted:
>>>>>>>
>>>>>>> Material: 100.00
>>>>>>>
>>>>>>> Disc: -110.00 (new line)
>>>>>>>
>>>>>>> Tax 10.00 (was still kept in the invoice!)
>>>>>>>
>>>>>>> Total 0.00 (total is now 0)
>>>>>>>
>>>>>>>
>>>>>>>
>>>>>>> Is this orthodox or it will cause other problems?
>>>>>>>
>>>>>>>
>>>>>>>
>>>>>>> TIA
>>>>>>>
>>>>>>> Manuel
>>>>>>>
>>>>>>>
>>>>>>>
>>>>>>>>> Hello Group,
>>>>>>>>> How to pay the State Sales & Use Tax for material that was
>>>>>>>>> purchased with resale tax-exempt status.
>>>>>>>>>
>>>>>>>>> Here is the situation: I run a small computer business. I built a
>>>>>>>>> Computer for the company using tax exempt parts.
>>>>>>>>>
>>>>>>>>> Now I have to pay the "Sales and Use Sales Tax" (GA requirement).
>>>>>>>>> How can I do that in QB?
>>>>>>>>>
>>>>>>>>> Should I add my company as a new customer and create an Invoice,
>>>>>>>>> and then.?
>>>>>>>>>
>>>>>>>>> Thanks in advance
>>>>>>>>
>>>>>>>> That's certainly one way to do it. Treat your company as a customer
>>>>>>>> via an invoice. Then just pay that invoice and just deposit that
>>>>>>>> check back into the company.
>>>>>>>>
>>>>>>>> You could also do a journal entry to debit purchases and credit
>>>>>>>> sales tax payable. Then just cut a check to the state for the
>>>>>>>> accumulated sales tax due. If this is a one time event then you
>>>>>>>> could just use Write Checks to the state posting it to the purchase
>>>>>>>> account.
>>>>>>>>
>>>>>>>> If these parts are posted to inventory then I would probably go
>>>>>>>> with the customer route so that the inventory is adjusted properly.
>>>>>>>> With method 2 you would need to do an inventory adjustment to
>>>>>>>> remove those parts used.
>>>>>>>>
>>>>>>>
>>>>>>>
>>>>>>
>>>>>
>>>>>
>>>>
>>>
>>>
>>
>
>



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