Why is it important for the correct state to be chosen under the tax settings in quickbooks?

It is important to chose the correct state under the tax settings in quickbooks because it helps in calculating correct sales tax and returns

Explanation:

When setting up Quickbooks, the software prompts the user to tell where they are selling their goods from. At this point the user needs to choose the accounting method and the state where the goods are being sold from. This enables Quickbooks to identify the state tax agency and helps the user in calculating taxes and returns for them.

Finally, when the tax period start date and filing frequency is set the Tax setting feature on the Quickbooks is ready for use.

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