hi I am Aimee from Razor Accounting the sharp solution for your finances in
this video I'm going to show you how to set up US sales tax in QuickBooks I'm
starting from the home screen so what you want to do is navigate up to the top
menu where it says edit it's over towards the left click on edit and go
down to the bottom of the menu here where it says preferences and click on
preferences when this new window opens up you want to navigate over to this
left side menu bar here and go down to where it says sales tax towards the
bottom click on sales tax and then over to the right here you want to select the
tab that says company preferences when this new window opens up it says up at
the top here do you charge sales tax so you want to select yes now you have to
setup your sales tax or wherever you're located so what you want to do is click
on add sales tax item you've got a new window that opens up here and you want
to select from this drop down menu sales tax item there you want to select the
sales tax name so I'm going to call mine sales tax California the description and
but in sales tax Santa Cruz California
so select the appropriate sales tax for where you are located if you don't know
what it is it's easy enough to just do a quick google search and find it on the
government website so my sales tax rate is nine percent so I'm going to fill
that in and then next you have to select the tax agency that you are going to be
paying the sales tax to so if you don't have it set up already in your chart of
accounts just click on this little arrow here and click on add new and then in
this top box here where it says vendor name just put in the sales tax agency
that you're going to be paying the sales tax to so for mine it is the Franchise
Tax Board if you have any of the information here ready to go go ahead
and fill that in if you have an address that you'd like to add in or a phone
number I'm gonna leave my blank for now when you're finished just click on OK so
I'm just going to exit up here because I've already got this set up in my
program so if it's already set up all you need to do is click on the little
arrow and use your menu here scroll down to where you find your tax agency so
here's mine here and then I'm going to click on OK so now the tax agency is set
up so when you start doing your invoices you can add in your sales tax item so
I'm going to click on ok so this new one window that's opened up here says make
all existing customers taxable and I want to keep that here so I'm going to
keep that checked out and then that item Pierce's make all existing non
inventory and inventory of parts taxable and I want to do that as well so I'm
going to keep that checkmark in there and just click OK now it says QuickBooks
must close all of its windows to change this preference which is fine so I'm
going to click OK and just let QuickBooks go to work ok so I'm going to
go and click on home again just to make sure that when I do my invoices that the
sales tax is actually going to be available for me to add in so I'm going
to click on create invoices on this home screen right here just going to enlarge
this invoicing window so you'll notice here at the bottom of the invoice it
says tax so now I know that QuickBooks has sales tax set up for me and there's
a drop down here so I can just click on that and select the appropriate sales
tax for the invoice I'm doing so here's the one I just added in sales tax
California and in the detail it says Santa Cruz California so that's it for
setting up your sales tax in QuickBooks if you do have any questions about this
of course just leave me a comment I'll be sure to answer it as quickly as I can
and if you like this video found it helpful please give it a like and don't
forget to subscribe to the channel so you don't miss out on any great put
books thank you for watching