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Subject Author Date
Multiple G/L Accounts For Sales Tax Payable Monte Sliger 08-22-2006
Posted by Monte Sliger on August 22, 2006, 12:50 pm
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 I use QuickBooks Premier 2006 - Accountant Edition. I need to break out the
sales taxes payable from the invoices I create to various G/L accounts such
as a different G/L account for each state. I have the different sales tax
items set up in the item list with the correct sales tax percentage for
each. In the item list, when I set up a sales tax item, I cannot select a
G/L code to use for this sales tax item - it simply assigns the G/L account
that QuickBooks automatically set up as the sales tax payable item. Is
there any way to change the G/L account code associated with each sales tax
item in the item list. When I edit the items in the item list, there is not
an option to change the G/L account code.

I realize that I can run a sales tax report to get the numbers for each
sales tax item so I can make journal entries, but would prefer that it
happen automatically whenever I create an invoice. If I cannot change the
G/L code associated with the sales tax item, am I limited to journal entries
to put the numbers into the correct G/L accounts?

Thanks for any help with this.


Monte Sliger




Posted by catrick on August 22, 2006, 1:34 pm
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 Have you looked into "Classes"? From what I remember, if you assign a
"Class" to each state you should be able to get reports you need per
Class/State.

Cat

Monte Sliger wrote:
> I use QuickBooks Premier 2006 - Accountant Edition. I need to break out the
> sales taxes payable from the invoices I create to various G/L accounts such
> as a different G/L account for each state. I have the different sales tax
> items set up in the item list with the correct sales tax percentage for
> each. In the item list, when I set up a sales tax item, I cannot select a
> G/L code to use for this sales tax item - it simply assigns the G/L account
> that QuickBooks automatically set up as the sales tax payable item. Is
> there any way to change the G/L account code associated with each sales tax
> item in the item list. When I edit the items in the item list, there is not
> an option to change the G/L account code.
>
> I realize that I can run a sales tax report to get the numbers for each
> sales tax item so I can make journal entries, but would prefer that it
> happen automatically whenever I create an invoice. If I cannot change the
> G/L code associated with the sales tax item, am I limited to journal entries
> to put the numbers into the correct G/L accounts?
>
> Thanks for any help with this.
>
>
> Monte Sliger


Posted by Monte Sliger on August 22, 2006, 2:42 pm
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Cat,

Thanks for your suggestion, but I do not need reports. I have the sales tax
report which gives me the numbers I need. I am looking for a way to have
the creation of an invoice generate the credit into a different sales tax
payable G/L account as opposed to having to make journal entries after the
fact.


Thanks,
Monte Sliger


> Have you looked into "Classes"? From what I remember, if you assign a
> "Class" to each state you should be able to get reports you need per
> Class/State.
>
> Cat
>
> Monte Sliger wrote:
>> I use QuickBooks Premier 2006 - Accountant Edition. I need to break out
>> the
>> sales taxes payable from the invoices I create to various G/L accounts
>> such
>> as a different G/L account for each state. I have the different sales
>> tax
>> items set up in the item list with the correct sales tax percentage for
>> each. In the item list, when I set up a sales tax item, I cannot select
>> a
>> G/L code to use for this sales tax item - it simply assigns the G/L
>> account
>> that QuickBooks automatically set up as the sales tax payable item. Is
>> there any way to change the G/L account code associated with each sales
>> tax
>> item in the item list. When I edit the items in the item list, there is
>> not
>> an option to change the G/L account code.
>>
>> I realize that I can run a sales tax report to get the numbers for each
>> sales tax item so I can make journal entries, but would prefer that it
>> happen automatically whenever I create an invoice. If I cannot change
>> the
>> G/L code associated with the sales tax item, am I limited to journal
>> entries
>> to put the numbers into the correct G/L accounts?
>>
>> Thanks for any help with this.
>>
>>
>> Monte Sliger
>



Posted by Golden California Girls on August 22, 2006, 10:06 pm
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Monte Sliger wrote:
> Cat,
>
> Thanks for your suggestion, but I do not need reports. I have the sales tax
> report which gives me the numbers I need. I am looking for a way to have
> the creation of an invoice generate the credit into a different sales tax
> payable G/L account as opposed to having to make journal entries after the
> fact.

Move up the food chain. SlowBooks can't do it.

>
> Thanks,
> Monte Sliger
>
>
>> Have you looked into "Classes"? From what I remember, if you assign a
>> "Class" to each state you should be able to get reports you need per
>> Class/State.
>>
>> Cat
>>
>> Monte Sliger wrote:
>>> I use QuickBooks Premier 2006 - Accountant Edition. I need to break out
>>> the
>>> sales taxes payable from the invoices I create to various G/L accounts
>>> such
>>> as a different G/L account for each state. I have the different sales
>>> tax
>>> items set up in the item list with the correct sales tax percentage for
>>> each. In the item list, when I set up a sales tax item, I cannot select
>>> a
>>> G/L code to use for this sales tax item - it simply assigns the G/L
>>> account
>>> that QuickBooks automatically set up as the sales tax payable item. Is
>>> there any way to change the G/L account code associated with each sales
>>> tax
>>> item in the item list. When I edit the items in the item list, there is
>>> not
>>> an option to change the G/L account code.
>>>
>>> I realize that I can run a sales tax report to get the numbers for each
>>> sales tax item so I can make journal entries, but would prefer that it
>>> happen automatically whenever I create an invoice. If I cannot change
>>> the
>>> G/L code associated with the sales tax item, am I limited to journal
>>> entries
>>> to put the numbers into the correct G/L accounts?
>>>
>>> Thanks for any help with this.
>>>
>>>
>>> Monte Sliger
>
>

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