Home Page link  

Sales tax on invoices

  
Groups | Search | About
User Password
Register Now! Lost Password?

QuickBooks Discussion board - Discussions about the popular financial software by Intuit

 Post an article  get this group's latest topics as an RSS feed add this group's latest topics to your My MSN content add this group's latest topics to your My Yahoo content  add this group's latest topics to your Google content  YahooMyWeb Yahoo!  Google Google  Windows Live Favorites Windows Live  del.icio.us del.icio.us  digg digg  Add to Netscape Netscape
Subject Author Date
Sales tax on invoices Kevin 08-26-2007
Posted by Kevin on August 26, 2007, 9:03 am
Please log in for more thread options
 I'm trying to devise a way to "hide" the sales tax figure on my invoices.
For project that I do with a set price for the customer, I want to be able
to give them an invoice where the only number they see is the final amount.
I create the invoice as I normally would, adding inventory items and labor
as a group with individual item hidden. This gives me a subtotal. QB then
calculates sales tax on the taxable items. I have unchecked Sales Tax and
Subtotal on the foot section of the invoice so that on the bottom of the
invoice the QB prints Total, Credits, and Balance Due. The problem is, under
the description column, QB adds a line item for Sales Tax under everything
else. Is there anyway to make this dissapear or at least add it to the group
item where it will be hidden?



Posted by Kevin on August 26, 2007, 9:04 am
Please log in for more thread options
 P.S. I track sales tax through QB so making the items or the customer non
taxable is not an option.

> I'm trying to devise a way to "hide" the sales tax figure on my invoices.
> For project that I do with a set price for the customer, I want to be able
> to give them an invoice where the only number they see is the final
> amount. I create the invoice as I normally would, adding inventory items
> and labor as a group with individual item hidden. This gives me a
> subtotal. QB then calculates sales tax on the taxable items. I have
> unchecked Sales Tax and Subtotal on the foot section of the invoice so
> that on the bottom of the invoice the QB prints Total, Credits, and
> Balance Due. The problem is, under the description column, QB adds a line
> item for Sales Tax under everything else. Is there anyway to make this
> dissapear or at least add it to the group item where it will be hidden?
>



Posted by RobertM on August 26, 2007, 11:28 am
Please log in for more thread options
Kevin wrote:
> I'm trying to devise a way to "hide" the sales tax figure on my invoices.
> For project that I do with a set price for the customer, I want to be able
> to give them an invoice where the only number they see is the final amount.
> I create the invoice as I normally would, adding inventory items and labor
> as a group with individual item hidden. This gives me a subtotal. QB then
> calculates sales tax on the taxable items. I have unchecked Sales Tax and
> Subtotal on the foot section of the invoice so that on the bottom of the
> invoice the QB prints Total, Credits, and Balance Due. The problem is, under
> the description column, QB adds a line item for Sales Tax under everything
> else. Is there anyway to make this dissapear or at least add it to the group
> item where it will be hidden?
>
>
        In the State where I am it is illegal to hide the sales
tax. The merchandise or job price must be shown and then it
is illegal for the business to pay the tax, so it must be
shown on the invoice in addition to the price charged for
goods and services. The customer must then pay the tax. Many
states are like this, so you may want to check your state
laws before hiding the tax. If you hide the tax, you may be
liable for the tax on the amount shown because the state may
interpret the figure as the amount of the goods or services.
The gov't doesn't like to see a QB invoice in your computer
that is different from the invoice your customer has.

Bob

Posted by Kevin on August 26, 2007, 12:35 pm
Please log in for more thread options
Very interesting. I think maybe I'll check on that before I go any further.
Thanks for the heads up.

Kevin

> In the State where I am it is illegal to hide the sales tax. The
> merchandise or job price must be shown and then it is illegal for the
> business to pay the tax, so it must be shown on the invoice in addition to
> the price charged for goods and services. The customer must then pay the
> tax. Many states are like this, so you may want to check your state laws
> before hiding the tax. If you hide the tax, you may be liable for the tax
> on the amount shown because the state may interpret the figure as the
> amount of the goods or services. The gov't doesn't like to see a QB
> invoice in your computer that is different from the invoice your customer
> has.
>
> Bob



Similar ThreadsPosted
Print Selected Mailing Labels from Sales Receipts or Invoices October 17, 2006, 12:58 am
Sales tax? December 13, 2006, 8:53 am
Sales by Country July 18, 2006, 10:18 am
Sales by Country July 18, 2006, 10:19 am
Sales Tax problem July 19, 2006, 6:36 pm
Sales orders June 24, 2007, 8:49 am
Recording Sales September 9, 2007, 9:17 am
Sales Receipts October 9, 2007, 11:11 am
Sales on consignment January 14, 2008, 4:34 pm
Re: Bulk Change Sales Rep June 28, 2006, 1:53 am

Contact Us | Privacy Policy
This site is not affiliated with Intuit - makers of Quickbooks and Quicken software
This site is not affiliated with Sage Software - makers of Peachtree accounting software
XML SitemapXML Sitemap