Can I configure different tax settings for different stores within a company?

I can help you with this, usersagar-arora.

If the companies you've mentioned are different entities, then we need to set up a new subscription for each company. Then, set up sales taxes. However, if they are under the same account number, I'd suggest utilizing the location tracking within your account. This helps categorise your data from different locations, regions, outlets, or departments of the same company.

Here are resources that will guide you through the process:

• Set up and use location tracking.
• Setting up QuickBooks for GST.
• Set up tax.

Feel free to get back to me if you need more assistance with taxes in QBO.

Hi Glinette,

Thanks for your response.

I have enabled location tracking and have created 3 stores in 3 different countries - India, UAE and Australia. Now, I want to configure taxes as per the country in which the store is located. How can I do that?

Hello, usersagar-arora. 

Thank you for reaching back to us. You can Edit the Sales tax setting and select the default location of the store. I'll show you how to do it.  

1. Click Taxes, and select Sales tax. 
2. Press the hyperlink Edit sales tax settings in the right side corner. 
3. Drop-down arrow and select the specific location.  
4. Tap Save once finished. 

Once you create an invoice it will automatically select the default location you've selected in the setting.   

I've included a few resources about sales taxes which will come in handy moving forward: 

•  Edit sales tax rate in QuickBooks Online 
• Learn how QuickBooks Online calculates tax 

Please reply again if you need more help with this. I'm always here to help you. Stay safe!

@usersagar-arora 

If you are not the only one accessing your QBO account, I would recommend to open a separate QBO account for each country to avoid any mistake when posting the transactions.

https://quickbooks.grsm.io/Arab-Emirates

https://quickbooks.grsm.io/Australia

As another option, consider using QB Desktop to manage multi company files with a one time license. Deploy a private cloud if required.

Hi Ailene,

I am currently not getting the 'Sales Tax' configuration option on my account. Following are the tax types auto configured in my account:

1. GST

2. VAT

3. Service Tax

4. Swachh Bharat Cess

5. Krishi Kalyan Cess

6. CST

Even while creating a custom tax, I am not getting an option to select the country.

My primary requirement to use Quickbooks is to have sales and purchase against different stores to be available at a central place for me to compare the data against different stores. If I create different accounts for different stores, how will I be able to check their data in reports within a single view?

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@usersagar-arora wrote:

My primary requirement to use Quickbooks is to have sales and purchase against different stores to be available at a central place for me to compare the data against different stores. If I create different accounts for different stores, how will I be able to check their data in reports within a single view?

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You need a 3rd party app to consolidate reports from all QBO accounts. We can only find the feature in QB Desktop Enterprise edition.

Desktop version would not fit the need in that case. Would be helpful if there can be a way of categorising taxes for different stores in different countries within one account on Quickbooks Online itself

Let me share additional details about taxes, usersagar-arora.

QuickBooks Online is available to different countries and the tax setup is based on the version you're using. You'll need to create a different account if you want to properly track the taxes per country. Please visit https://quickbooks.intuit.com/choose-country/.

Also, you can set up a separate liability account per country. Then, you can create a journal entry to record the taxes. However, this is best to be discussed with your accountant so they can further assist you with it.

Need more help? Please comment again here.