Sales Tax Made Simple: Set Up, Collect & Pay Sales Tax in MyCloudBook

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Length: 9:56

Learn how to set up and manage sales tax in MyCloudBook cloud accounting software. Create tax agencies, tax rates, and a combined tax group, charge sales tax automatically on invoices, and handle a tax rate change with an effective date. Then use the Sales Tax Center and the Sales Tax Liability report to review what you owe, adjust it, and record your sales tax payment.

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Chapters

  1. 0:00 Introduction
  2. 0:29 Part 1 - Set up your taxes
  3. 2:45 Part 2 - Charge tax on your sales
  4. 4:32 Part 3 - Handle tax rate changes
  5. 5:53 Part 4 - Review, adjust & pay your sales tax
  6. 8:49 Part 5 - Keep your tax settings tidy
  7. 9:32 Recap

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