QuickBooks for Mac 2014 User’s Guide 68
Creating tax items
On invoices, cash sales receipts, and credit memos, you specify which sales tax applies to the taxable items.
QuickBooks calculates the correct tax and prints it on the sales form. QuickBooks has two types of sales tax items:
• Sales tax. A single tax with a specific rate, payable to an agency, that you collect from your customers.
• Sales tax group. A group of two or more single taxes collected for the same sale and shown on the sales form
as one tax item.
To create a tax item:
1 Choose Lists > Items.
2 Click the + at the bottom of the list.
3 From the Type list, select Sales Tax Item.
4 Enter a tax name. This name becomes one of the available sales tax choices when you fill in a sales
form.
5 Enter a description to describe this sales tax on your sales forms. The description prints on your sales
forms after the final line item. You cannot edit it on the forms themselves.
6 Enter the tax rate. QuickBooks assumes the rate is a percentage. For example, enter 7.25 if the rate is
7.25%.
7 Enter the tax agency to which you pay the tax. If the tax agency is not already on your Vendor list,
QuickBooks adds it to your list now.
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