voilette83 Posted June 27, 2011 Share Posted June 27, 2011 Hello, I recently downloaded this software to help manage my sisters Equine Service business that she recently started after graduating college. I have basic knowledge of other accounting software packages through school, but this one is new to me. I have a question about entering a payment or purchase transaction for a Cash transaction. When entering the information, I saw the field for Tax, and if I select Sales tax in that, I am unable to balance the transaction and cannot record it. I have tried my tax expense account since it has already been paid, but it still shows out of balance due to sales tax even if I am debiting the sales tax expense account. Can you please help me out with this? Link to comment Share on other sites More sharing options...
Brad132 Posted June 29, 2011 Share Posted June 29, 2011 Hello, I recently downloaded this software to help manage my sisters Equine Service business that she recently started after graduating college. I have basic knowledge of other accounting software packages through school, but this one is new to me. I have a question about entering a payment or purchase transaction for a Cash transaction. When entering the information, I saw the field for Tax, and if I select Sales tax in that, I am unable to balance the transaction and cannot record it. I have tried my tax expense account since it has already been paid, but it still shows out of balance due to sales tax even if I am debiting the sales tax expense account. Can you please help me out with this? =============================================================================================================== voilette83 If you go to the Home Screen > Options button > click on the Tax tab. In that window you can enter your Tax info. The Quote & Order & Invoice windows / screens offer a box / column heading titled TAX that will auto enter your tax amount. Hope this helps BradUSA 1 head many hats P.S. the other work around would be to use the Receive Money link on the home screen. Then change the entries to reflect a Cash-CSH Not a REC receipt transaction + add the tax on a separate line (below the cash transaction) and save as a template ? To see if it works go to View tab > journal > all > select the date range. Link to comment Share on other sites More sharing options...
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