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hello150
November 14, 2020
Question

When I add a column for tax on my invoices it adds the tax agency name but not the percentage. How can I add this (as it's a legal requirement)?

  • November 14, 2020
  • 1 reply
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Original commenter did not share additional details

1 reply

Rose-A
Rose-A
November 15, 2020

Hello, hello150.

 

I can provide you the step-by-step process in adding the percentage amount to show them on your invoices. Let me walk you through the process.

 

  1. Click Taxes in the left panel and choose the Tax Agency from the drop-down arrow.
  2. From the Edit Sample Tax drop-down arrow, click Edit settings.
  3. Add the percentage amount right next to the tax agency name.
  4. Hit Save.
  5. The Tax agency name and their corresponding percentage will now show on your invoices.

You might find this article interesting: Edit sales tax rate in QuickBooks Online. This will provide you details on what are the things to remember when editing a tax rate in QuickBooks.

 

Kindly update me on how things go by adding another comment below. I want to make sure you're all set, and I'm here if you need further guidance. Have a great day! All the best.

H
hello150Author
November 15, 2020

Hello,

 

Thank you for this info. I see that changing the name doesn’t result in all my previously sent invoices including the 21% figure on them, even though paid invoices are updated if I change the invoice template, for example.


It’s not obvious that you are supposed to type the percentage in the tax agency name, especially as when I am creating the invoices, the percentage is noted next to the tax name - it just doesn’t show up on the invoice sent to clients. I now need this added for my accountant. How can I do this for paid invoices?


Thank you. 

C
CharleneMaeF
November 15, 2020

Thanks for keeping in touch with us, hello150.

 

Allow me to share more insights about sending an invoice with a tax agency and a percentage on it. The steps shared by my colleague is the best way to combine the tax agency and the percentage. However, when sending the invoice, the details will not be attached to the sales form.

 

For more details about editing sales tax, I suggest checking out this article: Edit Sales Tax rate in QuickBooks Online.

 

Additionally, I've included an article that'll guide you in managing tax rates in QuickBooks Online. This is to ensure that the taxes are calculated accurately: Handle a Tax Rate Change.

 

Keep in touch with us if you have other concerns about taxes. Doing so helps us to assist you.

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