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Level 1

How do you add tax to estimates and invoices?

How do you add tax to estimates and invoices. I made an estimate but it doesn't show tax and I don't see how to enter. Thank you. First time user :)

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Best answer 12-10-2018

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QuickBooks Team

Hi there, sashajselectric, I'd be happy to help you in se...

Hi there, sashajselectric,

I'd be happy to help you in setting up sales tax to your estimates and invoices.

Here's how:

  1. From the QuickBooks Edit menu, click Preferences.
  2. On the Preferences window, click Sales Tax then go to the Company Preferences tab.
  3. Click the Yes radio button to turn on sales tax.
  4. Set up the sales tax items or sales tax groups for each county, district, city, etc. where you collect sales tax. Click Add sales tax item to do this.
  5. Assign Sales tax code.
  6. Set the Sales tax basis (Accrual or Cash). Take into account your company’s accounting an preference.
  7. Set up your preference for paying the sales tax (Monthly, Quarterly, Annually).
  8. Click OK.

You can refer to this article for more details: https://community.intuit.com/articles/1501455-set-up-sales-tax

After setting up the sales tax.You can try to create an invoice or an estimate and see if a tax column will appear.

I've attached a screenshot for you to be guided through the steps.

Please let me know how it goes by leaving a comment below. I'll be here if you need further assistance. Thanks for choosing Quickbooks sashajselectric.

View solution in original post

8 Comments
Highlighted
QuickBooks Team

Hi there, sashajselectric, I'd be happy to help you in se...

Hi there, sashajselectric,

I'd be happy to help you in setting up sales tax to your estimates and invoices.

Here's how:

  1. From the QuickBooks Edit menu, click Preferences.
  2. On the Preferences window, click Sales Tax then go to the Company Preferences tab.
  3. Click the Yes radio button to turn on sales tax.
  4. Set up the sales tax items or sales tax groups for each county, district, city, etc. where you collect sales tax. Click Add sales tax item to do this.
  5. Assign Sales tax code.
  6. Set the Sales tax basis (Accrual or Cash). Take into account your company’s accounting an preference.
  7. Set up your preference for paying the sales tax (Monthly, Quarterly, Annually).
  8. Click OK.

You can refer to this article for more details: https://community.intuit.com/articles/1501455-set-up-sales-tax

After setting up the sales tax.You can try to create an invoice or an estimate and see if a tax column will appear.

I've attached a screenshot for you to be guided through the steps.

Please let me know how it goes by leaving a comment below. I'll be here if you need further assistance. Thanks for choosing Quickbooks sashajselectric.

View solution in original post

Level 1

Ok thank you, I got that all. I am stuck now on what to p...

Ok thank you, I got that all. I am stuck now on what to put into the box Tax Agency (vendor who you collect for) 

It sasys to add new but I'm not sure who the vedor is, is that the company info we are doing work for.

Thank you as I am waiting to see my CPA who will be helping me more to learn quickbooks

QuickBooks Team

Thanks for getting back to me @sashajselectric, Tax agenc...

Thanks for getting back to me @sashajselectric,
Tax agency will be the agency that you're going to pay your tax. In this case, it would be your state agency.
Feel free to leave a comment below if you need anything else.
Level 1

Re: Hi there, sashajselectric, I'd be happy to help you in se...

Can you set up Fed. excise tax the same way, I make fishing lures and I have to charge 10% excise tax on each lure that I sale

Barry

Level 1

Re: How do you add tax to estimates and invoices?

How do I add federal excise tax to a invoice? I make fishing lures and I have to charge 10% excise tax on each lure.

Thank you,

Big B

QuickBooks Team

Re: How do you add tax to estimates and invoices?

Hi Big B,

 

You can add the excise tax as a sales tax item then apply it in your invoice. Let me help you on how to get this done.

  1. Go to Edit, then Preferences.
  2. Click Sales Tax, then Company Preferences.
  3. Click Add sales tax item
  4. Under Type, choose Sales Tax Item. Then, type the Sales Tax Name, Description, Tax Rate (%), and the Tax Agency (vendor that you collect for).
  5. Click OK.

To apply the excise tax, just add the sales tax item under the Tax column and the Tax drop-down in the invoice.

 

Feel free to check out this handy article for details: Set up sales tax in QuickBooks Desktop.

 

I've also added this article for future reference: How to resolve common sales tax issues.

 

If there's anything else you need help with, please don't hesitate to swing by anytime.

ST1.JPG ST2.JPG

Level 1

Re: Sales tax

Hello.

Can you help me? It appears I'm unable to apply sales tax to my estimates and invoices

Content Leader

Re: Sales tax

Thanks for reaching out to the Community, @Remodeler. I'd be happy to assist you with applying sales tax.

 

To help ensure that I provide the best resolution, could you please let me know what happens when you try to apply the item to an invoice or estimate?

 

In the meantime, I'm including an article an overview of using this feature: Set up sales tax. This resource provides steps for turning sales tax on and setting up tax items. 

 

I look forward to getting to the bottom of this and getting sales tax included in the transactions. Have a good one. 

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