Preparing for a Sales and Use Tax Audit: Part 4

In Part One of this series, we discussed the initial contact with the auditor. In Part Two we covered two of the main areas that the auditor will be expecting to find errors in tax filings. Part Three listed the documentation that you should expect to provide with your tax returns for the audit period. In this segment, we will discuss some of the other issues which may cause an auditor to add an invoice to his report.

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Tags: Audit Period, Carpet Installer, Installed Carpet, Invoice, Item Descriptions, Missing Receipts, Preparing Tax, Sales And Use Tax, Sales Tax, Segment, Tax Audit, Tax Filings, Tax Returns, Vendor Invoices

QuickBooks & FreshBooks – Part 3 – Sales Tax

Part 3: Handling Sales Tax

QuickBooks is an accounting application and FreshBooks is an invoicing application. They are two different things, but in the end to have your data matching in both, there could be a ton of double entry resulting in valuable time consumed and strenuous effort.

You can have your data accurate in both, while not matching in both. Matching and accuracy are two different things. For all of the numbers to match up, it is a matter of accuracy. To have all of the details such as sales items etc. it would be a matter of matching.

In this blog post, I will begin to show you ways to get accurate data from FreshBooks into QuickBooks.

This blog post is Part 3, if you have not read the previous posts, I suggest that you do:

Part 1: Methods 1 & 2 to getting FreshBooks Income into QuickBooks

Part 2: Method 3 to getting FreshBooks Income into QuickBooks

Also useful, is my post: Handling Credit Card and PayPal Processing Fees in QuickBooks, which has a short segment relating to FreshBooks as well.

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Tags: Accrual, Accuracy, Accurate Data, Amp, Bas, Blog, Credit Card, Freshbooks, Good Stuff, Income Accounts, Invoicing, Matter Of Fact, Paypal, Quickbooks Accounting, Receivables, Sales Tax, Segment, Strenuous Effort, Tax Accounting, Two Different Things