Add sales tax to invoices
Easily add sales tax to invoices. You can include sales tax on your invoice templates, or you can add sales tax to individual invoices. When you add sales tax to an invoice, the calculations and tracking are done automatically for you.
Automatic sales tax tracking
Sales tax is a fee charged by government agencies, and in order to collect it, your customers pay the tax to you and then you are required to pass it on by making tax payments. Because QuickBooks automatically records your transactions, it keeps track of how much sales tax you need to send to the tax agencies.
Collect sales tax for multiple tax agencies
You may need to pay sales tax to multiple tax agencies, such as your city, your county, and your state. In QuickBooks, you can use a combined rate to charge your customer one sales tax amount, and then QuickBooks will split out the appropriate amounts for each tax agency.
Easily accessible reports
The Sales Tax Liability Report (STLR) shows a summary of sales tax you’ve collected and owe to the tax agencies. It gives you the total taxable sales, total nontaxable sales, tax rate, tax collected, and sales tax payable – all broken down by tax agency.