Quicken creates your first sales tax account the first time you create an invoices/receivables account. However, if you sell your products or services in different counties or states that have different sales tax rates, you need to create the accounts used to track taxes collected for other areas.
You also need to keep sales tax in mind when you're setting up your business categories and accounts. Find out which information you need to report to your sales tax authority so you can get the information you need from the Quicken reports you create.
What can I do?
- How do I view a sales tax account?
- How do I (Tracking sales tax)
- How do I pay sales tax?
- How do I turn on/off sales tax tracking?
- How do I add or edit a sales tax account?
- How do I change the default sales tax account?
- How do I invoice taxable items to tax-exempt customers?
- How do I apply tax to some (but not all) reimbursable expenses?
- Track different sales tax rates
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