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QuickBooks® 2010 on Demand by Laura Madeira, Gail Perry, CPA

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6. Collecting and Paying Sales Tax

If you sell items at retail and the items you sell qualify for sales tax, you are expected to collect sales tax from your customers at the time of the sale and remit that tax to the government on a timely basis.

Because sales tax displays as a separate item on your invoice forms, you must set up a Sales Tax Item so that QuickBooks will accurately calculate the tax on sales forms. After you’ve set up a sales tax item, ...

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