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April 17, 2019
Question

How to record federal tax on quickbook

  • April 17, 2019
  • 1 reply
  • 0 views
federal carbon tax started on April, the tax rate is 17%, however, it doesn't exist on quickbook.

1 reply

Rustler
April 20, 2019

You will have to manage this manually, a liability account for tax due, and a service item named the same that links to it, put 0.17 in the rate block

 

on the invoice use that item and put the **amount** to be taxed in the qty block