Skip to main content

1 reply

KlentB
December 17, 2020

I can help you with that, completeservices.

 

To successfully add and track your sales tax, you'll need to turn on the Tax feature and then create your tax codes. Let me guide you how:

 

  1. Select Tax on the sidebar menu.
  2. Click Set up tax.
  3. Set up your tax agency details, reporting method, filling frequency, and whether this tax is meant for sales or purchases.
  4. Click Next.
  5. Follow the on-screen instructions to complete the process.
  6. Select Done.

Once done, you will see the Tax Centre option and Tax/GST column on your sales forms. Feel free to follow these steps to make the items on your invoices and sales receipts taxable:

  1. On the product or service lines that you'd like to collect sales tax for, select the box under the Tax /GSTcolumn.
  2. Choose the appropriate tax rate from the drop-down menu.
  3. Click Save and close.

Additionally, If you are in Mexico, Malaysia, Singapore, United Arab Emirates, or South Africa, QuickBooks Online automatically creates default tax rates for you. You can also add your own custom tax rate. Here's how:

 

  1. In the Tax Centre, click Add Tax.
  2. Choose which type of tax rate you want to set up.
  3. Enter the details of your tax rate.
  4. Select Done when finished.

Lastly, I recommend reading these articles to help manage your sales tax in QuickBooks Online:

 

Do let me know if you have any other concerns or tax-related queries by dropping a comment below. Have a pleasant day ahead.