QBO's Automated Sales Tax
Course
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Learn how to use the new Intuit QuickBooks Online Automated Sales Tax calculator. Assess sales tax liability by customer type and product sales. eFile state and local taxes.
Class Description
State Sales Tax, am I right??? Calculating and reporting it correctly can be particularly tricky.
We should all be thankful that QuickBooks Online has a new Sales Tax calculator that takes the pain out of manually calculated local sales tax. Many states, counties, and cities have their own tax rates; however, QBO can now assess the rate for you, calculate your tax liability, and (in some states) allow you to pay right inside QBO.
In this class, we’ll look at how to properly set up the Sales Tax Center, assign tax rates to Products and Services, set Customer defaults, get Sales Tax Liability Reports, and remit taxes to the State.
Take advantage of this easy, accurate, and automated feature! Sign up now and learn how to set it all up and get started.
Instructional Level
Course Length
Course Credits
Prerequisites
- Our "QuickBooks® Online Fundamentals” On-Demand video course, or
- Prior QuickBooks® Online experience.
Who should take this class?
- Business owners who collect Sales Tax
- Bookkeepers and Accountants who need to know all the options to best advise their clients
What You’ll Learn
- Setting up the Sales Tax Center
- How different States assess taxability (location-based vs. destination based vs. Use Tax)
- When the Automated Sales Tax center is the right option, and when QBO’s “Manual” method is more appropriate
- Applying the correct categories to Products and Services
- Assigning default tax rates to Customers
- Changing tax collected on the fly
- Remitting Sales Taxes collected to the State
- Making Adjustments to the amount paid
Watch it again later
A recording of the webinar will be added to this course in two weeks so you can review it at your convenience.
Here is the course outline:
1. Download the HandoutDownload the handout that goes with the course. 1 section
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2. Watch the Videos: Getting Started with QBO's Automated Sale Tax ClassThis is the recording of the class you attended. Watch and rewatch it until it all makes sense! 1 section
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3. What is Automated Sales Tax?2 sections
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4. Setting Up Sales Tax3 sections
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5. Collecting Sales Tax2 sections
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6. Paying Sales Tax3 sections
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7. Fixing Tax Collection Errors3 sections
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8. Conclusion1 section
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9. QuizTake this quiz to demonstrate your mastery of the material. Pass the quiz with an 80% or higher to complete the Course, earn your Certificate, and win points! 1 section
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Completion
The following certificates are awarded when the course is completed:
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Royalwise Credit Certificate |