Quickbooks Tax Line Mapping Examples

Quickbooks Tax Line Mapping Examples. Click "Lists" from the QuickBooks main menu, select "Chart of. Also, learn about the year-end checklist included in QuickBooks.

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If the Additional fees field is used on a Purchase Order in MRPeasy, then this is posted as a line item to QuickBooks Online. Depending on your initial election, an LLC can be treated as a sole proprietorship, partnership, S corporation or C corporation for federal tax purposes. This is important for me because my accountant only asks one thing of me when he does my taxes.

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Click on the blue "How do I choose the right tax-line?" link. "Imported Invoiced Tax Code" - tax code for taxes received on Invoiced.

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Now in the "Tax Line Mapping" drop-down list, click that down arrow. If you want to see a particular line item of financial data on a report, you need an account for that line item. The QuickBooks chart of accounts is easy to set up.