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Posted by RobertM on January 15, 2007, 12:50 pm
Please log in for more thread options Joanne wrote:
>> With QB2006 Pro, is there a way to get a individual totals of sales that
>> were taxed; sales that were not taxed to churches, gov't etc; and sales
>> out of state? I know QB sales receipts figures the taxes but I can't find
>> a way to retrieve totals by tax category so I'm having to jot figures down
>> on paper as I make sales.
>>
>> Bob
>
> When creating an invoice, each line item allows for a tax category you
> create such as "taxable", "resale", "service", "exempt", based on the
> categories of your sales tax return.
>
> The location of the sale is selected at the bottom of the invoice from
> categories you create such as "State", "State/County/City", "State/City",
> "Out of State". When creating these categories, I create each taxing entity
> separately and then choose from among them to create groups. Each category
> is set up with the sales tax rate for that individual category only. Groups
> add the rates together for you.
>
> When printing the Vendor/Sales Tax Liability Report, it will be nicely
> separated by taxing entity in rows and by taxable and non-taxable in
> columns. Drill into the non-taxable numbers for the detailed report of
> categories making up the non-taxable sales.
>
> If you set this up correctly it is great.
>
OK, Thank you. Fortunately, it involves only 4 sales in 90 days, so I'll
stick to my pencil and paper until I have time to study this in depth
and determine how to go about defining tax categories in QB. The help
files don't offer a lot of help so it'll be a case of trial and error
and a day or two of spare time.
Bob
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