amanda139
Level 1
‎April 17, 2023 09:41 PM

How to change description of tax on invoices

Quickboox have setup the TAX -GST 8% for the year, however the invoices/Purchase order only reflect  "SR" or "TX" on order item lines. How can we change the description to reflect the "8% SR" and "8% TX"?
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RCV
QuickBooks Team
QuickBooks Team
‎April 17, 2023 11:20 PM

Manage Customers and Income

Allow me to assist you with changing the tax description on your invoices. amanda139.

 

We'll need to make sure we create a GST rate for your Singapore taxes if you didn't set up it yet. Then make sure to turn on the radio button under Action. This way, the specific rate will show up on your invoice page.  Let me show you how:

 

  1. Go to the Taxes tab on the left side. 
  2. Tap the Edit GST drop-down and select Edit rates.
  3. Choose Add tax rates and complete the necessary fields. 
  4. Tap Save. Make sure the radio button under Action is turn on.
  5. Choose the +New tab on the upper left side and pick Invoice.
  6. Click the GST drop-down and choose the rates you've previously created.
  7. Enter the needed information, then press Save and close. 
 
 

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To learn more about the taxes you owe and why you owe them. To view your GST information at any moment, simply run the GST Liability report. This allows you to double-check everything before submitting your return to your tax agency. Additionally, you can always run any customer reports to track all the data you've entered into the system. Then customise it to show specific information. For more details about customising, check out this article: Run reports in QBO. 

 

Feel easy to visit these articles below to learn more about recurring transactions, file return, and how QuickBooks calculate GST.

 

 

Drop a comment below if you have additional questions about your invoice. I'm continuously here to help you. Keep safe always. 

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