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Oct 26, 2024 6:44 PM UTC
Question

How are multiple sales tax rates setup? In CT their are (2) sales tax rates for the restaurant industry

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Oct 26, 2024 9:45 PM UTC

You can use the Custom rates feature in QuickBooks Online (QBO) to set this up, dwallace. I'd be glad to guide you how.

For agencies dealing with more than two sales tax rates, you can set up a Combined tax rate in QBO for easier tracking. Here's how to do it:

 

  1. Navigate the Taxes menu and select Sales tax.
  2. Click Sales Tax Settings.
  3. Click on Add rate.
  4. Choose Combined radio button.
  5. Enter a name for the combined rate and the different sales tax requirements.
  6. Hit Save once done.

 

For more information, please check out this article: Set up your sales tax in QuickBooks Online.

 

I've also included some resources that explain how QB calculates taxes, along with a report to help you track the sales tax you owe:

 Learn how QuickBooks Online calculates sales tax
Check how much sales tax you owe in QuickBooks Online

I'll keep an eye on the comments for any updates or additional questions about sales tax and other QuickBooks topics. I'm always ready to give necessary assistance and resources.