Sales tax
Setting up and filing sales tax
Add the agencies you file with, let MitoBooks charge the right rate, then file and pay.
Set up
- 1Go to Taxes and add each tax agency you file with, its filing frequency, and the rates you collect.
- 2Mark products and services taxable or not, and mark tax-exempt customers.
On each sale
Tax is calculated from the customer's address for the taxable lines on each invoice and sales receipt, and recorded in Sales Tax Payable.
File and pay
When a return is due, open it on the Taxes page to see what you collected for that period. File with the agency, then record the payment in MitoBooks so Sales Tax Payable goes back down. The Sales Tax Liability report shows what you owe each agency.