It's vital you're able to add the 8% tax for an insurance premium to your books and I'll be happy to help.QuickBooks is a powerful program that helps you bring your financials into focus.
To ensure accuracy in your books, I recommend contacting an accounting professional to get expert advice on entering the transaction. Doing this will help prevent any future discrepancies in your books. If you're not in contact with one, I encourage you to search for one on our website using this link here.
I'll also leave this question here so other accounting professional members can chime in. Let me know if you have other questions. I'm here to help.
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