17 Nov Sales Tax Reports Overview
Posted at 20:11h in
QuickBooks Tips and Tricks – Sales Tax Reports
With version 2002 the sales tax reports have been dramatically improved. All the reports now have totals and the ability to drill down on any of the numbers. Plus, you can create multiple sales tax codes for the individual items to improve reporting.
One of the best ways to customize reports to provide support in the event of a sales tax audit is as follows:
- Create the sales tax liability report.
- Double click on the non-taxable total.
- Modify the report to include the item and sort the report by item detail. This will provide the information on what was sold that was non-taxable with the customer information as well.