Setting up more than one Tax Agency for Sales Tax Payable

Setting up more than one Tax Agency for Sales Tax Payable

Under the QuickBooksÒ Banking menu,  enter a General Journal Entry which Debits the Y.E.S.!™  Tax Vendor and Credits the other Tax Agencies as shown in the Journal Entry shown above. Then pay the Tax Agencies just as you paid them in the past (prior to using the Y.E.S.!™ Tax Rules ).

NOTE: First, you must understand the Y.E.S.!™ Tax Rules and how they operate (see Y.E.S.!™ Software Suite Help).  After setting up all of your Items and Products Sales Tax in Y.E.S.!™,  you can then process sales through your Point of Sale or e-Commerce site.  

Each Sales Tax reporting period, run a Sale Tax Report in the Y.E.S.!™  Software Suite, which will enable you to transfer the correct amount of Tax liability to each tax collecting Agencies.