![]() ![]() Sales tax is not rounding correctly. We are using Service Fusion to manage our customer accounts. United States QuickBooks Online QuickBooks Desktop QuickBooks Desktop for Mac QuickBooks Self-Employed Accountants Payroll GoPayment QuickBooks Point of Sales Desktop QuickBooks contact us TurboTax. As a business owner it is your responsibility to keep accurate records of all transactions involving sales and use taxes. You must collect sales tax on each taxable transaction, pay use tax if required, and send these taxes to the Florida Department of Revenue in a timely manner. QuickBooks Enterprise Solutions has excellent reporting tools to assist you with keeping complete and accurate records of all sales and purchases, as well as useful reports for filing your sales tax returns. Florida's State sales tax rate is 6 percent. Additionally most counties impose a discretionary sales surtax. You can find current discretionary sales surtax rates on form DR-15DSS. If you are using QuickBooks to record all of your sales and purchases, the important information you need when you are ready to file your sales tax return can be found under Vendors > Sales Tax > Manage Sales Tax. Sales Tax Liability Report The sales tax liability report summarizes the sales tax you've collected and currently owe to the Florida Department of Revenue. The report shows total sales, non-taxable sales, taxable sales, and the amount of sales tax collected. If you collect sales tax for more than one county, you can customzie QuickBooks so each county has its own line on the report. Sales Tax Revenue Summary The sales tax revenue summary report provides the total sales by sales tax code, which can be helpful when preparing your sales tax return. If you collect sales tax for more than one county, each county has its own tax line in the report. Pay Sales Tax When it's time to pay your sales tax, use the Pay Sales Tax window to create the payment in QuickBooks. This window will show you how much sales tax you currently owe for each sales tax item you use. Important: Don't pay your sales tax using the Write Checks or Pay Bills windows, as this will cause errors in your bookkeeping and in your sales tax reports. To enter your sales tax payment in QuickBooks • Choose Vendors > Sales Tax > Pay Sales Tax. • If you have more than one checking account, click the Pay From Account drop-down arrow and choose the bank you want to use for this tax payment. • Check the date that QuickBooks shows in the Show sales tax due through field. Note: You want this date to be the last day of business in the reporting tax period. • In the Starting Check No. Field, verify that the check number matches the next check that you want to use. If you are making your tax payment electronically, uncheck the To Be Printed box. You can leave the Starting Check No. Blank or use the confirmation number assigned after you e-file as the check number. • The list of payments shows all sales taxes that your company owes and any adjustments you've made. For each sales tax item, the list shows the tax agency (vendor) to which the sales tax is payable and the amount due as of the date shown above. Check each of the line items included with the payment you are recording. Related Tasks The View Sales Tax Items will present a report that shows you each Sales Tax Item you have set up, its related Tax Agency and tax rate.
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March 2019
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