cancel
Showing results for 
Search instead for 
Did you mean: 
Anonymous
Not applicable

We are a tire seller. How do I set up the federal excise tax in my chart of accounts?

 
1 Comment
Rustler
Level 15

We are a tire seller. How do I set up the federal excise tax in my chart of accounts?

you can not set it up as a tax, QBO is not that flexible

 

you will have to create a service item for the excise tax and have it post to a liability account you create.

 

but when you enter the tax, you will have to calculate it, QBO does not do calculations on items the way desktop does.

Need to get in touch?

Contact us
Sign in for the best experience
Ask questions, get answers, and join our large community of QuickBooks users.
Sign In / Sign Up