Finance - QuickBooks Accounting Manual

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The Tax Item you select will be the one used for any “taxable” items on the customer’s invoice or sales receipt. g. a customer with a non profit status would not be taxed for items that are considered taxable by your State) Alert: If you are planning to use invoices (or sales receipts), and you want to have QuickBooks automatically add tax to those items that are taxable, you will need to use a second Meals Tax Item. The default Meal tax Item in Full Service Restaurant has no tax rate associated with it.

MemTx: Lists your Memorized Transactions. These can be bills, invoices or general journal entries that have been set up as “templates” to save you time, eliminate data entry errors, and prevent repetitive transactions from being missed. Account List: A complete list of your Chart of Accounts Find: A very clever and powerful QuickBooks feature that will allow you to locate any previously recorded transaction that you are having a hard time otherwise finding. Support: Another tool to help you find answers to specific QuickBooks questions or problems.

The invoice might have a few lines in it, one line for the food charges, another for the wine charges, still another to charge for the staff labor. In addition to these charges you need to add sales tax for the food and wine charges, and you told the customer that you would give her a 5% discount on the wine. com for telephone, on-line and on-site support 50 Here is what the invoice looks like: Every one of these “charges” is associated with an item and each item is linked to a specific General Ledger account (income, liability, expense) that you select when you create the item.

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