Quicken Community is moving to Single Sign On! Starting 1/22/21, you'll sign in to the community with your Quicken ID. For more information: http://bit.ly/CommunitySSO
Sales Tax

Hi, I am new to quicken software and I looking for some assistance on sale tax setup.
I have downloaded credit card expenses and I would like the expense to separate our sales taxes. What is the easiest way to set this up?
I have also moved these expenses from the credit card account to the business bills account hoping it would give the option to take the total and assume sales tax based on the total amount.
Even the sales tax account that I set up and pull tax report does not recognize this tax account for the report.
Other than manually inputting every expense over again through the business bill account, is there another option.
Thanks.
R
I have downloaded credit card expenses and I would like the expense to separate our sales taxes. What is the easiest way to set this up?
I have also moved these expenses from the credit card account to the business bills account hoping it would give the option to take the total and assume sales tax based on the total amount.
Even the sales tax account that I set up and pull tax report does not recognize this tax account for the report.
Other than manually inputting every expense over again through the business bill account, is there another option.
Thanks.
R
0
This discussion has been closed.
Comments
Under the credit card, I have separated expenses from personal and business but I have not split the sales expenses.
Under the business header, there is a section called reports. When you select HST reports it should summarize sales tax based on sales invoices and purchases. But if you split the expenses under credit card transactions, the sales expenses do not get picked up under this business report.
This is why I am trying to figure out how to get this to work properly. Plus I don't want to go back with every credit card transaction and split out sales expenses manually. I was hoping the system will calculate the sales expense on its own if the expense type is flagged as sales tax reimbursable.
R
Now running Quicken Windows Subscription, Home & Business
Retired "Certified Information Systems Auditor" & Bank Audit VP