

On the Tax Rate (%) field, enter the specific rate for the item.Enter your preferred name for the tax item on the Sales Tax Name field.From the Type drop-down, choose Sales Tax Item.

On the Company Preferences tab, click the Add Sales Tax item.Once done, you can now set up a sales tax item. On the Preferences window, choose Sales Tax on the left pane.Go to the Edit menu at the top, then select Preferences on the drop-down.Here's an article that will help you get started using QuickBooks Desktop: User guide.įurthermore, if you want to use sales tax, it's a feature you need to turn on. From there, select the correct tax return used by the business.Click the Pencil icon for Company Information to access the Report Information tab.Go to the Company menu at the top to choose My Company.You can edit the income tax form, CarolynM.Ĭhanging it to the correct tax form will make sure you're processing the appropriate income tax return. If you make changes and want to go back to QuickBooks suggested accounts, click Default.Īfter that, you can restore the backup file to the new industry created above.ĭon't hesitate to leave a comment if you still have questions. This is our best guess for the accounts we think you’ll need based on the type of industry you’re in.

QuickBooks creates all the accounts that have a checkmark.
