more-arw search

Q&A Forum

How do I manually enter taxes in payables and receivable. Also how do I manually enter accounts in Sales invoices in Quick books

I am trying to enter a miscellaneous charge that I want to post directly to an account, but seems to only want me to enter product. Also I am trying to enter bills that some portions are taxed and other not, how to I manually enter the taxes. This should not be rock science as I use Simply and other accounting packages and no problems.

Answers

Jaime Campbell
Title: Chief Financial Officer
Company: Tier One Services, LLC
(Chief Financial Officer, Tier One Services, LLC) |

When entering purchases, including payables, you don't need to enter the sales tax. You include the sales tax paid with the expense account used for the purchase.

In QuickBooks, you do not enter general ledger accounts in invoices - you only enter items. In the Items list (Lists menu > Item list) you link each item to a General Ledger account.

If you want to see how an existing invoice affects the General Ledger, open the invoice and press Ctrl+Y.

1025 views
Topics

Get Free Membership

By signing up, you will receive emails from Proformative regarding Proformative programs, events, community news and activity. You can withdraw your consent at any time. Contact Us.

Business Exchange

Browse the Business Exchange to find information, resources and peer reviews to help you select the right solution for your business.

Learn more

Contribute to Community

If you’re interested in learning more about contributing to your Proformative community, we have many ways for you to get involved. Please email content@proformative.com to learn more about becoming a speaker or contributing to the blogs/Q&A Forum.