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How Do I Collect and Track Sales Tax?

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The first step to collect and track sales tax in QuickBooks is to enable the preference to do so. On the Edit->Preferences menu, select the Company Preferences tab on the Sales Tax submenu. Click Yes on the Do you charge sales tax? preference. Once the preference is set, you use: sales tax codes to specify […]

What Is an Inventory Assembly Item?

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In QuickBooks an inventory assembly item is a specific type of Item that is the result of putting together a new inventory part out of a bundle of individual items to enable tracking finished goods separately from individual components. Normally, an inventory assembly item is used when separate raw materials are assembled, packaged, and sold […]

What Item Types Does QuickBooks Support?

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QuickBooks supports 11 Item Types. Items themselves are maintained on the Lists->Item List menu selection, but the Item Types are pre-configured in QuickBooks and can’t be maintained by a user. The 11 Item Types are: Service Inventory Part Inventory Assembly Non-inventory Part Other Charge Subtotal Group Discount Payment Sales Tax Item Sales Tax Group There […]

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