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how to add taxes to purchase invoices and tax withholding from the source to sales invoices and Sales Receipt as well
Hello
I want to know how to add taxes to purchase invoices from suppliers, and is it possible to add tax withholding from the source to sales invoices
Note I am talking about my country Egypt
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I’ve got you steps to add taxes on your bills in QuickBooks Online (QBO), @mafouad.
You can configure the provincial sales tax as a custom tax in QuickBooks Online (QBO). To include the sales tax when drafting a bill, select the This tax is collected on purchases option.
- Go to the Taxes menu and click Set up tax.
- Enter the Tax name, Description, Tax agency name, and Business ID No.
- Select the Start of current tax period, Filing frequency, and the Reporting method.
- Place a checkmark for This tax is collected on purchases option.
- Enter the rate in the Purchase rate field.
- Place a checkmark for Purchase tax is reclaimable option if it is reclaimable.
- Click Save.
Once finished, make a bill and list the cost of the service. Next, select the Provincial Sales Tax rate that you specified in the Tax column.
Keep me posted if you have more concerns about taxes. The Community always has your back. Have a good one!
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Thank you, I will try it, and if there is a problem, I will get back to you if there is no problem with this