How to Set Up QuickBooks Enterprise GST?
If you are a business owner based in India, it’s important that your business is GST compliant. If you don’t have an exemption, you can make your QuickBooks GST compliant to avoid any further inconvenience. This article is not for QuickBooks USA edition because GST is not applicable, the user has to pay both state and federal tax separately.
In this article, we will explain how to make your QuickBooks Enterprise GST compliant. If you have any questions while going through the steps, you can always get in touch with our QuickBooks Helpdesk Number on ☎ +1-800-102-5599
Let us take a look at all the steps to set up your QuickBooks Enterprise GST.
- Get registered for GST
The first step is to register for GST. If you don’t have your GSTIN, it’s time for you to register for one. If you have already registered, please keep your GSTIN ready.
- Enter your GSTIN details
Note: If you are a new business owner and haven’t enabled your taxes, you will see ‘Setup GST’ tab on the dashboard.
- Click on ‘Setup GST’
Now, Edit GST settings will appear on the screen.
- Fill in Tax start date.
- Fill your GSTIN
- Select your “Filing frequency”and “Accounting method”
- Select “Save”
Note:If you have already set up your taxes, you will see “GST ready” on your dashboard.
- Fill in your GSTIN and select save.
Note: If you don’t have a GSTIN or if you are exempted, you need not worry as this won’t stop you from creating invoices in QuickBooks.
Also get full details types QuickBooks TAX Form Can be filed easily with QB software
Adding of HSN and SAC codes
Confused about what these codes are? These are GST codes for your business or the products that you offer to your clients. If you have any questions or don’t understand the codes, please call our QuickBooks helpdesk for assistance on ☎ +1-800-102-5599 . If you know your product codes, please follow the below mentioned steps.
- Choose Add HSN/SAC
- Add a product or service, in case it’s not added already
- Choose product type, for example: Non-inventory, Bundle, Service, Inventory.
- Add HSN/SAC code with other descriptions.
Adding of HSN/SAC for existing products.
- Select Edit
- Enter HSN/SAC code
- In addition to this, you will also need to enter your clients or suppliers GSTIN to QuickBooks for generating GST reports and to make it GST compliance.
Please reach our QuickBooks helpdesk, if you need assistance to add GSTIN for your customers and suppliers.
Creating GST Invoices
As per the rules, your invoice changes needs to be GST-ready. To make it GST compliant in QuickBooks enterprise, you need to enter certain information in your invoice. You may also customize your invoice to show specific GST information or even disable GST information if you have an exemption. Not just that, you may also create new invoice number series on QuickBooks Enterprise GST.
You can also generate GST reports or have your accountants to generate them so that while completing the filing of your taxes, you can also have a clearer picture of your finances. With the help of QuickBooks Enterprise GST, you may create invoices, track expenses with the new GST rates and also backdate your transactions using the older tax rules i.e., VAT/Service Tax.
Get Help Goods and Service Tax Setup in QuickBooks Desktop
If you have any questions or need step-by-step support regarding GST on QuickBooks, please call our QuickBooks Enterprise Support . They are well trained to handle all your questions pertaining to QuickBooks GST and its related products. You may reach them on ☎ +1-800-102-5599 . Our QuickBooks technical support team is available 24*7 to assist you tirelessly and earnestly.