QuickBooks® 2010 Solutions Guide for Business Owners and Accountants

Chapter 12. Reviewing Sales Tax

• Preferences That Affect Sales Tax

• Sales Tax Items, Groups, and Codes

• Assigning Sales Tax Codes to Products or Services

• Assigning Sales Tax Codes and Items to Customers

• Reports to Review When Troubleshooting Sales Tax Errors

• Properly Paying Sales Tax

• Correcting Sales Tax Errors

• Unique Sales Tax Transactions

Your business might sell a product or service for which the states you sell in require you to charge and collect sales tax at the time of sale. If your business does collect sales taxes, you are simply acting as an agent for these states by collecting this fee and later remitting it to the respective state. Each state, county, or city might have its own sales tax rates and lists of products ...