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Mastering QuickBooks 2024 - Fifth Edition

You're reading from  Mastering QuickBooks 2024 - Fifth Edition

Product type Book
Published in Dec 2023
Publisher Packt
ISBN-13 9781835469958
Pages 570 pages
Edition 5th Edition
Languages
Author (1):
Crystalynn Shelton Crystalynn Shelton
Profile icon Crystalynn Shelton

Table of Contents (27) Chapters

Preface 1. Section 1: Setting Up Your Company File
2. Getting Started with QuickBooks Online 3. Company File Setup 4. Migrating to QuickBooks Online 5. Customizing QuickBooks for Your Business 6. Managing Customer, Vendor, and Products and Services Lists 7. Section 2: Recording Transactions in QuickBooks Online
8. Managing Sales Tax 9. Recording Sales Transactions in QuickBooks Online 10. Recording Expenses in QuickBooks Online 11. Reconciling Uploaded Bank and Credit Card Transactions 12. Section 3: Generating Reports in QuickBooks Online
13. Reports Center Overview 14. Business Overview and Cash Flow Reports 15. Customer Sales Reports in QuickBooks Online 16. Vendor and Expenses Reports 17. Section 4: Managing Employees and Contractors
18. Managing Employees and 1099 Contractors in QuickBooks Online 19. Section 5: Closing the Books and Handling Special Transactions
20. Closing the Books in QuickBooks Online 21. Handling Special Transactions in QuickBooks Online 22. QuickBooks Online Advanced 23. Shortcuts and Test Drive 24. Intuit QuickBooks Online Certified User Exam Objectives
25. Other Books You May Enjoy
26. Index

Do you need to charge sales tax?

Before we dive into the mechanics of setting up sales tax, you may be wondering whether you need to charge sales tax or not. The short answer is yes if you sell any type of product, such as T-shirts, books, a cup of coffee, and so on. If you don’t sell a product but you do sell services, such as bookkeeping, legal, or consulting, then the answer is maybe. Because the answer is dependent on the rules and regulations of your state/local jurisdiction, it’s important that you seek the advice of a CPA or tax preparer.

However, there are a couple of resources that we recommend you check out. First, this article from the QuickBooks blog Do I need to charge sales tax?: https://quickbooks.intuit.com/r/taxes/need-collect-sales-tax-much/. Another great resource is Avalara. Avalara is a company that specializes in sales tax compliance. Not only do they offer sales tax compliance services but they are also a great resource for any questions you...

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