• Create BookmarkCreate Bookmark
  • Create Note or TagCreate Note or Tag
  • PrintPrint
Share this Page URL
Help

Chapter 6. Collecting and Paying Sales Tax > Setting Sales Tax Preferences

Setting Sales Tax Preferences

Before you can apply sales tax on your sales to customers, you must establish some preliminary information about your sales tax requirements. In the Preferences window, you indicate when tax is charged to your customers, the frequency with which you pay sales tax to the government, and the name of the taxing jurisdiction to whom you pay tax. You can also indicate whether you want taxable items to be tagged on invoices.

Set Sales Tax Preferences

Select Edit, Preferences to open the Preferences window.

Click the Sales Tax icon.

Click the Company Preferences tab.

Select Yes to indicate that your company charges sales tax.

Indicate the terms you want to use to refer to taxable and non-taxable sales.

Indicate the name of the sales tax item you most frequently charge to customers.

Check this box if you want a T to appear on sales forms to identify taxable items.

Indicate when customers actually owe sales tax.

Show the frequency of your sales tax remittances.

Click OK to save your changes.


PREVIEW

                                                                          

Not a subscriber?

Start A Free Trial


  
  • Creative Edge
  • Create BookmarkCreate Bookmark
  • Create Note or TagCreate Note or Tag
  • PrintPrint