We were emailed this question:
I was wondering if you provide any insight or assistance in figuring out the Quarterly Sales Tax using Wine Direct. I have been working at a winery for just a few mos. and I was supposed to get some training in this area but have had no luck
First, a couple of things about sales tax
1. Ideally you want to run all of your DTC sales through your POS program because it does a better job of tracking the sales to the different states. Then you shut off the sales tax feature in QB.
2. Record your distribution and wholesales sales in QB like usual. These are non-taxable
3. To calculate all the inputs needed for the sales tax return, run a P&L by Class report. This will show you the sales to resellers and the shipping revenue.
4. To calculate the out-of-state shipments run the Sales by State report, from the Old Reports. For the State Type pick “shipped”.
With these reports you can calculate the exclusions.
Hope that helps. This is another topic that I have a mini-course planned, so stay tuned. In the meantime, join us at Office Hours if you still have questions.
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