Sales Tax With QuickBooks
5.0 (5 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
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Sales Tax With QuickBooks

Manage any Sales Tax situation with QuickBooks
5.0 (5 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
1,418 students enrolled
Last updated 8/2016
English
Curiosity Sale
Current price: $10 Original price: $20 Discount: 50% off
30-Day Money-Back Guarantee
Includes:
  • 1 hour on-demand video
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What Will I Learn?
  • RECORD EVERY POSSIBLE SALES TAX RELATED EVENT IN TO QUICKBOOKS
View Curriculum
Requirements
  • Basic QuickBooks knowledge
Description

This, step by step course shows you exactly how to record and manage ANY sales tax related situation for people using QuickBooks for their business. You will learn how to record, collect and pay sales tax. You will learn how to find and interpret the results of sales tax reports. You will learn how to adjust sales tax and fix sales tax mistakes. You will learn both the cash and accrual method of paying sales tax. You will lean how to manage maximum sales tax situations and situations where there are multiple sales tax in 1 transactions.  

Sales tax is something that effects most business. If you are working with more than one company, then you need to be able to create new sales tax items and manage these special situations. 

Accountants will sometimes adjust only the general ledger account called "sales tax payable" and they will forget to adjust the balance owed to the specific tax agency. This course will give you the ability to do that.

Who is the target audience?
  • ANYONE WHO USES QUICKBOOKS FOR BUSINESS BIOOKKEEPING AND IS REQURED TO COLLECT SALES TAX
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Curriculum For This Course
9 Lectures
01:13:28
+
SALES TAX WITH QUICKBOOKS
9 Lectures 01:13:28

This video lecture will give you an overview of what you will learn in this course

Preview 02:05

This video lecture will show you how to activate and set up sales tax in QuickBooks

Preview 10:36

In this video you will lean how to add and edit sales tax on a sales receipt

Recording sales tax on receipts
08:50

You will lean what sales tax codes are and how to use them

Sales tax codes
08:55

You will lean the difference between "cash" method and 'accrual" method of paying sales tax and how to change between them.

invoice defaults / cash vs accrual
09:42

You will learn how to record, find and edit sales tax payments.

Paying Sales Tax
07:21

You will leanr how to adjust tax owed for unforeseen refunds and mistakes

Adjusting Sales Tax
07:08

You will learn when there is a maximum amount of sales tax to collect on 1 sales. You will learn how to calculate this on an invoice or receipt

Maximum Sales Tax
09:21

Sometimes you have to charge multiple tax rates on 1 transaction. This video will teach you how to do that in QuickBooks

Multiple Sales Tax Rates on 1 Transactions
09:30

QuickBooks Sales Tax Quiz
8 questions
About the Instructor
Professor Mark Smolen
4.5 Average rating
204 Reviews
5,233 Students
14 Courses
Professor of Computerized Accounting

I have 2 decades of experience teaching Computerized Accounting. I have taught QuickBooks at A.S.A college in Manhattan New York. I have made my lessons available to job training schools for adult education and have helped place hundreds of students in good paying jobs using QuickBooks and other software that they learned in my class. I am a permanently licensed teacher by the New York State Education Department. I am also a Certified QuickBooks Pro adviser. I have made these videos by determining what my clients needed and how effective they were in real life situations. I enjoy helping students turn frustration in to a feeling of comfort and satisfaction with QuickBooks