Have to admit, this is not the most exciting topic, but that doesn’t mean it isn’t important – Sales Tax! It is obviously imperative that you track and make any sales tax payments as required by state law. Luckily, QuickBooks Online takes something that is often complicated and makes it easier. You can set up the system to automatically track your sales tax when you make a sale. The sales tax center has everything you need to handle tax in QuickBooks Online. You can run reports for your sales tax liabilities, record or edit sales tax payments, and see your payment for different time periods.
Instead of manually calculating sales tax, let QuickBooks Online do the work for you. Add a sales tax category to your products and services to accurately calculate how much to tax your customers. The rules on how to tax a product or service can change depending on what you sell and where you sell it. QuickBooks Online keeps track of those tax rules, so you don’t have to. The taxability of a product or service can vary from state to state, and in some cases, city to city. Some specific products and services have special or reduced rates and fees.
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