Sales Tax Code List - Accounting Software Secrets
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Sales Tax Code List

Sales Tax Code List

Sales Tax Code List

The sales tax code list was new with version 2002 as part of the major changes to the sales tax feature in general. 

It is required that the sales tax tracking preference be turned on to use this feature. QuickBooks assigns a default code when you mark a customer taxable or non-taxable when entering a new customer.  It is possible to add codes to accommodate the different reasons for charging sales tax. Sales tax codes can be up to three characters and you can set up to 10,000 codes on your sales tax code list (number of codes may be limited based on the number of entries on other lists).

QBRA-2004: Lists > Sales Tax Code List > Sales Tax Code > New

Codes can be used to designate why a customer is taxable or not; for example, government, out of state, resale, etc.

The codes are used on sales transactions and make the Sales Tax Revenue Summary Report effective for completing sales tax returns.  For example, in California, a sales tax code can be set up for each line on the non-taxable transaction detail page of the return.  This would include: resale (i.e. sales to other retailers for the purposes of resale); nontaxable sales of food products, nontaxable labor (repair and installation); sales to the United States Government; Sales in interstate or foreign commerce, etc.

QBRA-2005: Customers > Create Invoices

List Limits Expanded

For most QuickBooks users, the list limit for the QuickBooks Pro and Premier products of 14,500 is sufficient.  For some, however, that is not the case.  We have been seeing increased list size for a variety of reasons.  One of the most common is the increased number of customers as the result of web site sales.  For version 6 and prior, the list limit was doubled for the Enterprise Solutions Product.  New with version 7, the Enterprise Solutions limit has been removed.

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