Different Tax Rates for Products vs. Services


K

Keith P Tomlin

I think I know the answer to this, but I hope I am wrong.

I need to be able to specify different tax rates for products vs. services.
Specifically, for all products, the sales tax is 6%. For all services, the
sales tax is 1%.

Is there a way to do this without having the products and services on
different invoices? I need to be able to create one invoice that includes
product items and service items but calculate the total sales tax to be 6% of
the products plus 1% of the services. Quickbooks handled this by being able
to group items in the invoice and use subtotals.

Any ideas would be great!

Thanks!
-Keith
 
Ad

Advertisements

A

Allan Martin

Keith P Tomlin said:
I think I know the answer to this, but I hope I am wrong.

I need to be able to specify different tax rates for products vs.
services.
Specifically, for all products, the sales tax is 6%. For all services,
the
sales tax is 1%.

Is there a way to do this without having the products and services on
different invoices? I need to be able to create one invoice that includes
product items and service items but calculate the total sales tax to be 6%
of
the products plus 1% of the services. Quickbooks handled this by being
able
to group items in the invoice and use subtotals.

Any ideas would be great!
Wait about 10 years. By then SBA will catch up to QB
 
Ad

Advertisements

W

worry-free

Hi Worry-free

I am just starting my own business. Just an ideal! What if you put your 1%
service tax charge as a service that you charge on the sale price to your
customer.
Item>> 001
Qts>> the amount of the sale price $100.00
Description>> 1% service tax charge
rate>> 1%
Amount>> It should give you the percentage of the sale price $100.00 x 1%=$1.00
SET YOUR SERVICE PRICE AS A PERCENTAGE. I hope it works and if it help you
I am happy of being of service.
 

Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Top