- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
GST
The amount of GST you collect may change at times, @tekautopl. You will, however, have to change it manually.
I'll walk you through the steps to update it:
- Go to Taxes menu, then select Edit rates in the Edit GST dropdown menu.
- In the tax rate table, choose the rate you want to change and select Edit.
- In the Edit tax rate window, change the rate to 7%.
- Set the Effective date.
- Select Save, then click Yes.
You'll want to check out this article for the step-by-step guide in applying and managing credit notes in QBO.
I'll be around to help you again with your tax rates concerns. Take care!