Setting Up Sales Tax in QuickBooks 2014: Video
This video shows setting up sales tax in QuickBooks 2014.
The Sales Tax Process in QuickBooks 2014: Overview
Collecting and paying sales tax can be complicated for some companies. For example, a company may have to collect and pay more than one sales tax. Many companies have a mix of taxable and non-taxable products and services to sell, and many also have some customers that are taxable while other customers are not.
In QuickBooks, you can apply sales tax on selected items for taxable customers during the sales process. It also keeps track of how much sales tax is collected and for which taxing agencies the sales tax is collected. From this information, QuickBooks later can create the check or checks for the appropriate tax agency or agencies when the sales taxes collected are due. However, in order to use QuickBooks to track and pay sales tax, you must perform the steps shown in the above video. Later lessons in our QuickBooks 2014 tutorial examine each part of this process in detail to assist you in setting up your company to track and pay sales tax.