21 Oct 2017
QuickBooks, offered by Intuit, is a highly customizable accounting software. The process of calculating and filing taxes is substantially simplified through various inbuilt features. Users can purchase tax forms through QuickBooks, though most of these forms are meant for payroll taxes such as W2s, W3s, 1099s and so on. QB is completely compatible with most operating systems such as windows, android, mac, and iOS.
Tax preferences can be easily customized in QuickBooks. Sales tax is levied on sales receipts by the government. It is the responsibility of the retailer to collect sales tax at the point of sale from customers and then pass it on to the government. Every corporation is aware of the fact that tax penalties can significantly besmirch their reputation.
QuickBooks enables users to defer the application of new tax rates on products and services. You can apply tax rates on a later date. By creating multiple sales taxes on an item, you can easily activate the saved rates on a later date. Just make sure to mark, all the other sales tax rates applied on a particular item, as inactive.
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Disclaimer: QBpro.ca is a reputable QuickBooks® Consulting firm that provides professional support services related to your accounting software. It is also a front-runner in providing 3rd party technical support services for quickbooks.
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