I understand how upsetting it can be to have inaccurate tax calculations affecting your business finances, MelMack1. I'm here to help you resolve this situation.
QuickBooks automatically adjusts sales tax rates based on the sale's location, including state, county, and city rates, and regularly updates these rates to comply with legal changes. Given the tax calculation issues in rural county areas, it is crucial to consistently verify that these updates and rates suit your local needs since your services are mainly delivered in unique jurisdictions within New Mexico.
In the meantime, you can utilize the custom tax rates feature. This means you can manually input specific rates for different regions or specific types of transactions, ensuring you charge the correct amount of sales tax even when the automatic calculations aren't able to pull the data accurately.
I've included information on how sales tax is calculated and displayed in your sales tax liability report to help you better understand the process and ensure accurate records.
If you have any more questions or need further assistance managing sales tax, MelMack1, please don't hesitate to reach out. We're here to help ensure that your experience with QuickBooks is as efficient and trouble-free as possible.
