Hello there, DP6. Let me share information about the sales tax nexus and how to manage sales taxes to other states in QuickBooks Desktop (QBDT).
QBDT Pro Plus 2024 doesn't provide features for managing sales tax nexus. However, you can still handle sales tax collection and payments for other states by configuring sales taxes in QBDT.
Before setting up, let's verify the tax rates and requirements with the tax agency in each county to ensure accurate recording. Consulting a tax professional for guidance may also be beneficial. Please note that different rates will require separate sales tax items for setup.
Here's how to enable the sales tax feature and set up sale tax items or tax groups:
- Go to the Edit menu and click Preferences.
- Choose Sales Tax and go to the Company Preferences tab.
- Toggle Yes to turn on sales tax.
- Set up the sales tax items or sales tax groups for each county, district, city, etc., where you collect sales tax. Use the Add Sales Tax Item option to do this.
- Assign sales tax codes.
- Set the Sales tax basis (Accrual or Cash) based on your company’s accounting and preferences.
- Choose your preference for paying the sales tax (Monthly, Quarterly, Annual).
- Select OK.
For more guidance, please refer to this article: Set up sales tax in QuickBooks Desktop.
Furthermore, you can run a sales tax liability report to check your sales tax payable and ensure everything is accurate before making tax payments.
I'll be here to help if you have other concerns about setting up your sales tax in a different state in your QBDT. Have a great day.
