How do I add or edit a sales tax account


Quicken simplifies sales tax tracking. The first time you create an invoices/receivables account, Quicken creates an account called *Sales Tax* to track the tax you charge your customers. (It's at the bottom of the invoice dialog.) Then, when you enter the sales tax percentage you want to assign to the taxable items on the invoice, Quicken associates that tax rate with the account it just created.

This *Sales Tax* account is the default account; it's automatically associated with each invoice you create. It's a liability account and appears in your account list; you can view it by selecting it from the Account List.

If you want to edit this account (for example, to change the tax rate) you should do so from an open invoice to make sure that Quicken continues to use the correct tax rate.

  • Adding a new sales tax account
    You can preview a form and make a few minor adjustments before you create it.


    1.Open the account that you want to use.

    2. In the invoices/receivables register, select the invoice for which you want to track tax charges, and then double-click the word --Form-- in the Category field.

    3. At the bottom of the invoice form, from the Tax Account list, select New.

    4. In the Create Tax Account dialog, enter an account name, description, and tax rate.
    • Tell me more
      Use a name that makes sense to you, like Tax-San Mateo (for the tax rate of a particular county).


      This new tax account is included in the Tax Account list on the forms.
  • Changing sales tax account information
    1.Open the account that you want to use.

    2. In the invoices/receivables register, select the invoice for which you want to modify tax charges, and then click Edit.

    3. In the Edit Tax Account dialog, make the necessary changes and click OK.

This feature requires Quicken Home & Business or Rental Property Manager. Learn how you can upgrade Quicken in minutes.

Search Support:

Search form

Tip: To find out which version of Quicken you are using, open Quicken go to Help menu and select About Quicken.