- #Delete a sales tax payment transaction in quickbooks for mac how to#
- #Delete a sales tax payment transaction in quickbooks for mac plus#
We’d be happy to walk you through their use and help you understand how they can make your finances more understandable.Sales Tax in QuickBooks Online helps the users to manage sales tax in an easier way to collect, pay and report your sales tax.
#Delete a sales tax payment transaction in quickbooks for mac how to#
If you’re not familiar with the others we mentioned at the beginning of this column and want to learn how to explore them, let us know. Tags are a great addition to the tools QuickBooks Online provides to help you track incoming and outgoing funds. Your expense total appears in the Money Out (by tag) box above it. At the end of each row is the Action column, where you can run a report, add a tag, and enter or delete a group. Go back to the Tags home page, and you’ll see that there’s a link to one transaction in the Events row.
You can assign as many tags as you’d like to transactions, but you can only select one tag from each group. Select Grayson Wedding to move it into the field. Otherwise, click in the field below Tags. Click Manage tags if you need to add or edit one the right vertical pane you saw before will slide out. Back on the Expense screen, select the Payment account, Payment date, and Payment method for the expense (reference number is optional).ĭirectly below those fields, you’ll see the Tags field. Enter Billy’s Bridal in the Name field Leave the Type as Vendor and click Save. Click the down arrow in the Payee field in the upper left and select + Add new. Click the Expenses link in the toolbar, then New transaction | Expense in the upper right. Let’s look at how you’d use tags in an expense.
You can add tags to any transaction that contains a field for them. Repeat to add as many as you’d like, up to 300 tags. The main Tags page will open again, and you’ll see your new group under Tags and Tag Groups. Click the Edit button to make any changes. Click Add after each one until your list is complete. Click the down arrow to select a color, then click Save.Įnter your tags one by one in the fields labeled Tag name. A vertical panel slides out from the right. (You can also click on the Transactions link in the toolbar, then click the Tags tab.) Click New, then Tag group. Under Lists, click Tags to get to the tool’s home page. To get started, click the gear icon in the upper right. Individual events might read, for example, Grayson Wedding, Spring Art Show, and Hillman Conference. For example, say you do some event planning. Groups consist of related tags that share a common theme. Once you’ve given your group a name, you can start adding tags to it.īefore you create a tag, you need to create a Group. But there are two reports specifically designed for them: Profit and Loss by Tag Group and Transaction List by Tag Group. They don’t affect your books, and they’re not included in the customization criteria for reports. They’re more flexible than the tools we’ve already mentioned – they allow you to track your money any way you want. These are customizable labels that you can assign to transactions (invoices, expenses, and bills). Then there are Tags, which are fairly new to QuickBooks Online. You can also add a Location field to sales transactions so you can track sales by stores, sales regions, or counties, for example. These are important for reporting and tax purposes. There’s a different set of Categories that you’ll use when you record bills and expenses. You can assign Categories to products and services to gain insight into your sales and inventory. Some of the site’s reports are designed specifically for these tools, like Sales by Class and Profit and Loss by Class.
#Delete a sales tax payment transaction in quickbooks for mac plus#
If you’re using QuickBooks Online Plus or Advanced, you can create and assign Classes to transactions to differentiate between, for example, store departments or product lines. QuickBooks Online offers numerous ways to help you track your sales, expenses, and profitability. Where is your money coming from? Where is it going? You can use tags in QuickBooks Online to find out.
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