Tracking Sales Tax – On The Entire Invoice & On A Fixed Amount of the Invoice
Some state tax agencies require that in addition to needing to charge a fixed percentage (6%) of Sales Tax to each customer, that you also are required to charge a 1 1/2% Discretionary Tax on the first $5000.00 of each job. For the most part, QuickBooks does a good job of tracking taxable and non-taxable sales -- even taxable and non-taxable items on the same invoice. However, when it comes to tracking sales tax with a fixed rate on a fixed dollar amount of an entire sale ---- in addition to sales tax on the entire sale --- well it fails miserably and causes a lot of frustration for QuickBooks Users who encounter a situation of this nature. Learn how to accomplish this using QuickBooks. Request your copy of…