HELLO I WANT TO CREATE SALES TAX MANUALLY AS QUICKBOOKS DOES NOT SHOW % OF TAX IN AMOUNT FOR EACH TAX ITEM SEPERATELY I.E I CANT ADD A NEW FIELD COLUMN.
Now please listen:
For Sales:
1. i created a Tax liability account and linked it to sub ledger (VAT Control).
2. I linked my sales income account to that Tax liability account created manually (ST20%) so that all sales tax related transaction go there.
3. when i open my Tax liability report I see this amount on that report.
Now for Purchases:
1. I created a non stock inventory account as suggested by you.
2. i have to linked it with a purchase account as it wont let me save it without it.
3. While making entries I see it is taking this account as an item or quantity and not as tax liability as done in Invoices.
PLEASE PROVIDE SOLUTION FOR THIS SO THAT I CAN BE SATISFIED FROM BOTH END AND CAN MANUALLY ENTER THE % IN AMOUNT SO THAT I CAN GIVE THAT TO MY CUSTOMERS AND SUPPLIERS. FOR PURCHASES AND BILLS I AM FACING THIS ISSUE.
