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April 14, 2020
Question

How do I post a sale when tax is included in total?

  • April 14, 2020
  • 1 reply
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1 reply

April 14, 2020

Hi there,

 

QuickBooks Online is great program for managing your day-to-day business transactions. I'd be glad to show you how to record a sale when tax is included. 

 

You can record a sale by creating a Sales Receipt. A Sales Receipt is entered when your customer immediately pays for products or services at the same time of sale. Here's how to create one:

 

Note: If you use QuickBooks Payments, here's how to process a credit card payment from your customer.

  1. Select + New.
  2. Select Sales receipt.
  3. Choose the name of the customer or create a new one. Note: If the customer is currently not set up in QuickBooks Online, select Add a new customer.
  4. Enter all sales information needed to complete the sales receipt. When entering the info, there's a section which is labelled Amounts are and this is where you select Inclusive of tax
  5. Select Save and send to email the form. You'll have the chance to edit the email message to your customer and to preview the form one last time.

In case you need to add sales tax to your account, check out this community article which shows you how. Otherwise, if you're looking for other specific ways to record the sale, I suggest reaching out to your accountant. If you don't have one, you're more than welcome to search for accounting professionals on our site using this link here. Doing this will help prevent any future discrepancies. Let me know if you have other questions. I'm here to help.