What Does the “T” Next to Line Items on Invoices Mean?
Question: In QuickBooks Premier, there is a capital “T” next to some items on my invoices. What does this mean?
Answer: On your invoices, the capital “T” appears next to line items that are subject to sales tax. The appearance of this “T” is a controllable setting.
Go to: Edit > Preferences > Sales Tax and indicate your preference to the command entitled “Identify taxable amounts as “T” for “Taxable” when printing.”
Check the box if you want the “T’s” to print. Uncheck the box if you do not.
Please email accounting questions you would like considered for the column to firstname.lastname@example.org with the subject line of "Ask the Accountant."
Harriet Gatter, owner of Accounting Support LLC, was an ad specialty distributor for 23 years and an adjunct professor of accounting at Neumann University. She sold her ad specialty business in 2012, became certified as a QuickBooks ProAdvisor, and now works exclusively with ad specialty distributors nationwide on their QuickBooks, order management and accounting needs.