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Anonymous Finance Support / Administration

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

Asked on May 12, 2015

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 Chief Financial Officer • May 18, 2015

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.

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