[fname], last week I emailed you and talked about Quickbooks Mistake #4: Setting up Your Payroll Incorrectly.


Today I want to explain...


Quickbooks Mistake #5 - Not Handling State & Local Sales Taxes Properly

Every locality, city and state in the country seems to have their own percentages, rates, tables and exceptions to collecting a variety of taxes.


Without going into all the details (go to page 5, Mistake #5 in the PDF report) Quickbooks can handle virtually any and every tax you can think of IF (and this is a big If) you know how to set them up correctly and change them when taxing authorities make any changes to these rates.

As you read the rest of the report, remember each of the mistakes just remember that making one or more of these mistakes can cause you to under or over pay your state and federal taxes.

Not to mention over or understating your expenses and profits on your statements and to your bank if you submit statements to them for loans or other reasons.

That is why at the end of the report you will see I offer a Free Quickbooks Accuracy Scorecard where I or my Quickbooks expert here in our office will perform a Free Quickbooks Evaluation on your Quickbooks program company file.

Enjoy the report and if you have any questions or want to schedule your Free Quickbooks Evaluation just call my office at (480) 641-8100.


Nathan DeBacker, CPA
CFO Financial Services LLC
1405 N. Dobson Rd., Suite #5
Chandler, AZ 85224
Phone: (480) 641-8100