Sales Tax rate change
Sales tax rates and new rates.
QB allows you to change the sales tax rate in the sales tax item and all future sales will use the new tax rate. That is great huh? Don’t do that.
The problem is that there is no way to go back if you have to re-write an invoice due to some kind of adjustment or something, QB will use the current sales tax rate rather than the one that was in effect when the invoice was written.
When sales tax rates change, create a new sale tax item, change the name of the old one to show the ending date for its’ use, and make the new one the default. Then if you have to go back, you can select the old tax rate and use it.
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