how to make a sales tax adjustment in quickbooks for mac

Quickbooks has become the worlds most popular accounting software account, offering a simple and convenient way for small business owners to keep track of their expenses and income.

But if you move into a new state, or if you existing state updates its tax code, you may be required to adjust your sales tax.

To learn more about changing the sales tax in Quickbooks, keep reading.

After logging into your Quickbooks account, add the new sales tax item to the item list.

If you happen to use more than one sales tax item, you include all of them here.

ALso, you cannot delete the rate of your existing sales tax item sinc youll need the item to calculate your sales tax return and thats okay.

Just add the new sales tax as an item list and proceed to the next step.

To perform this operation, access Edit Preferences Sales Tax Company Preferences.

Whenever you create an invoice, sales receipt or credit memo, this sales tax item will be used instead of the old sales tax.

You can even set your sales tax item before the tax is actually changed.

So if you are expecting your state to change its sales tax rate, its a good idea to go ahead and create the sales tax item in your Quickbooks account.

This is done by accessing the item list and double-clicking on the old sales tax item, at which point you can choose to make it inactive.

You should perform this step on the date on which the new sales tax takes effect.

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How To Make A Sales Tax Adjustment In Quickbooks For Mac