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
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
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