QBPro_CertCourse2010_Section3_Module4-5

QBPro_CertCourse2010_Section3_Module4-5 - Module 4 Sales...

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QuickBooks 2010 ProAdvisor Certification Course Section 3 – 148 Module 4 – Sales Tax Lesson 1 – Introduction to Sales Tax Video Commentary Sales Tax can be overwhelming for many clients. The laws can be complicated, and the mechanics for collecting and reporting sales tax are complex. For example, some states have one state-wide tax rate…while others have multiple rates depending on your client‘s county or city. In some states, your clients pay taxes to one government entity…and in other states they pay taxes to multiple entities. Fortunately, QuickBooks simplifies the process for tracking, reporting, and paying sales tax By the end of this module, you‗ll be able to set up QuickBooks to properly track sales tax for each client‘s particular situation. You‘ll also learn how to correct the most common sales tax errors clients make. And you‘ll learn about reports you can use to get the sales tax information you need from client files. END Welcome! In this module, you'll learn how to work with the QuickBooks sales tax feature. By the end of this module you'll be able to do the following: Set up QuickBooks to track sales tax Set sales tax preferences in QuickBooks Identify and correct some mistakes that clients make when working with sales tax List the reports you can use to get information about sales tax In the next lesson, you'll learn how to set up QuickBooks to track and pay sales tax.
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QuickBooks 2010 ProAdvisor Certification Course Section 3 – 149 Module 4 – Sales Tax Lesson 2 – Overview of sales tax Understand how QuickBooks tracks and pays sales tax In this lesson, you'll learn how to implement sales tax collection, adjustment, payment, and reporting in QuickBooks. Tracking sales tax can be a challenge. For instance, some customers might be taxable while others are not. Also, clients might have to tax customers at different rates depending upon where the customers are located. And finally, some of the things clients sell might be taxable while others are not. For clients who collect and pay state sales tax, QuickBooks provides a powerful tracking, payment, and reporting system. Click each step below to learn more about how to track and pay sales tax with QuickBooks. Remember, many of the tasks you learn about in the FlipBook can also be completed in the Client Data Review. Setup
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QuickBooks 2010 ProAdvisor Certification Course Section 3 – 150
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QuickBooks 2010 ProAdvisor Certification Course Section 3 – 151 Transactions Payment
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QuickBooks 2010 ProAdvisor Certification Course Section 3 – 152 Sales Tax Liability Reports Now that you have an understanding of how to track and pay sales tax in QuickBooks, click the ON YOUR OWN button to practice what you've learned. Download and install the exercise file
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QBPro_CertCourse2010_Section3_Module4-5 - Module 4 Sales...

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