QuickBooks for GST

QuickBooks is constructed by Intuit to solve many problems and mistakes while working on the finance part of the business. It is used by the small and medium size businesses that are looking for a way to cut down their cost. With QuickBooks, owners do not need an army of accountants for managing the accounting and financial side of the business. Its innovative design gives it a fresh look which is both User-friendly and Professional. QuickBooks Payroll Customer Service is always ready to help you regarding any queries.

GST Overview

GST stands for Goods and Services Tax. It is based on the principle of Value Added  Tax. It incorporates a large number of Central and State Taxes into a single tax and lessens the cascading effects of Taxes, provides seamless credit and makes way for a common market. It has been implemented because there are cascading effects of taxes due to Tax on Tax. It is a comprehensive levy tax and collection on both Goods and Services at the same rate.

How to create chased compliant invoices and returns in QuickBooks?

To create chased compliant invoices and returns you need to provide GST specific information. Please follow the below mentioned simple steps:

1. Enter your GSTIN in the dashboard banner or go to GST tax.
2. Select Edit GST and inserting, Enter your GSTIN.
3. Add the GSTIN for your registered customer under the Tax tab in the customer information problem.
4. Add new GST codes for your items by selecting products and services under settings.
5. Add harmonized system of nomenclature or edges for products.
6. Select Services Accounting code(SAC) for services after adding GST specific information you need to enable them in your invoice template.
7. To do that go to Create an Invoice. Click on customize and edit current.
8. Click on content and select shipping customer GSTIN  in the head of section and item code in the activity table.
9. You are now ready to set up to create GST Compliant invoicing, enter the necessary details and select Print preview your GST compliant invoice is now ready to be sent.

There is more that you can do with GST ready QuickBooks includinG GST expenses and returns. For more information, you can contact to QuickBooks Enterprise Support or call on toll-free no. 855 441 4417 to speak to Intuit certified Proadvisors.