There are factors in how QuickBooks calculates your sales tax, Billing100. I'll ensure to provide more information regarding the sales taxes computation topic in QuickBooks Online.
The automated sales tax feature in QuickBooks automatically calculates the total tax rate for each sale based on the following:
- The customer's tax-exempt status
- Where the sale occurs and where items are shipped
- What is being sold?
However, there isn't a direct statement of a significant change to sales tax computation in May 2024. If you've noticed specific changes in your QuickBooks account, we recommend contacting your state agency to verify rates. Since QuickBooks Online relies on the state tax agency tax rates updates.
For accurate calculations, it's essential to set up where you collect sales tax accurately, assign proper tax categories to products/services, and keep customer information up-to-date.
I'm adding these resources for more details on calculating each sales tax:
Please feel free to return to this post if you have any additional questions or issues regarding sales tax in QuickBooks. I'll be here to assist you.
