QuickBooks® for Contractors Bookkeeping Tips & Training

Tracking Sales Tax – On The Entire Invoice & On A Fixed Amount of the Invoice

Print Friendly, PDF & Email

 

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 this article today, by clicking the button below.

Note:  While this is a free article, we do request that you enter your email address so that we can notify you if this article is updated.

 

One Response to Tracking Sales Tax – On The Entire Invoice & On A Fixed Amount of the Invoice

Leave a Reply

About Your Host:
Nancy Smyth, Certified QuickBooks ProAdvisor

Nancy Smyth, Sunburst Software Solutions, Inc.
QuickBooks Construction & Payroll Expert


I've been using and supporting QuickBooks products since the early 1990's. I've worked with thousands of contractors, assisting them with QuickBooks setup, Certified Payroll Reporting requirements, AIA Billing and Weighted-Average Overtime.


QuickBooks is a powerful product, but learning how to use it in your construction business can be difficult. I hope you find resources available here to be helpful.

Get the latest news

Sign up to receive information about our newest eBooks, live webinars, pre-recorded video's and free QuickBooks training via email:


Enter your email address:

Delivered by FeedBurner


We promise not to sell, rent, or otherwise distribute your name and email address.

QuickBooks Time Tracking:

Save 10%/Free 14 day trial

QuickBooks Time Tracker