Editing tax codes to apply to both Sales and Purchases?

Hi there,

It's important you're able to set up a tax code which applies to both Sales and Purchases. Don't worry, I'll show you how to do just that. 

You'd need to add a new Custom Sales Tax code from your tax center. This option is rarely used, since any code recorded this way will explicitly not report to any Federal or Provincial Tax Agencies (i.e., Canada Revenue Agency, Receiver General, etc), and won't help with filing/reporting to these types of agencies. It's also important to note that Custom tax must be in a percentage format, not a particular dollar amount.

Here are the steps on how to add a custom sales tax code:

1.     From the left menu, select Taxes.
2.     Select Sales Tax at the top. (Tip: If you use payroll in QuickBooks Online, you may need to select Sales Tax as opposed to Payroll Tax.)
3.     Select Manage sales tax.
4.     Locate the sales tax agency you wish to add the new rate for, and select Add custom rate.                          
5.     Here's a screenshot of what you should see...       
6.      

Make sure the tax rate applies to both sales and purchases as indicated in the screenshot. Give these steps a try and let me know how you make out. I'll be on standby. 

I don't know why you just don't say it is not possible to edit a sales tax code after it is set up. QB should have strong warnings and better information about setting things up when it is not editable after the fact!