6. Collecting and Paying Sales Tax
What You’ll Do
Enter Tax Status of Inventory Items
Sell Items to Tax-Exempt Customers
If you sell items at retail and the items you sell qualify for sales tax, you are expected to collect sales tax from your customers at the time of the sale and remit that tax to the government on a timely basis.
Because sales tax appears as a separate item on your invoice forms, you must set up a Sales Tax Item in QuickBooks to accommodate the presence of the tax on forms. After you’ve set up an item, the tax flows ...
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