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leebrendalee
October 4, 2019
Question

Custom GST

  • October 4, 2019
  • 1 reply
  • 0 views

Hi there, 

 

Thanks for helping me!  I had to create a "custom" GST amount for royalty things etc, has to do with franchisee (s) etc.  Anyway, so I see the 7% on my balance sheet, I went ahead and triple checked everything, sales, expenses, sales etc...and then filed the GST in QB Online only.  ( I have not filed with CRA until I fix this).  So then I zipped over to the balance sheet and the figures were still showing:  7% GST payable (negative amount because its really ITC), and GST payable.  By the way, first time ever using your software, so its very nice so far. LOVE IT.  Anyway, so I thought ok lets go and pay it.  So I paid the GST again only in the books!  Then I forwarded the balance sheet to one day past the payment date and sure enough there is my 7% GST payable still there.  I love the fact that it will actually reduce the amount owing, however, how do I get it into the proper place? This will be ongoing that I will always need to do this, just want to know the best method.  Obviously I can do a JE but wondered what other way.

1 reply

A
Anonymous
October 4, 2019

It's great to see you again in the Community, @leebrendalee.

 

I can help share some insights about filing and paying your GST in QuickBooks. 

 

As long as you've set up GST and created the GST transactions in QBO, you can easily file and pay your tax return. Then you can print a copy and submit it to your tax office.

 

You can refer to this article for more details: File and pay Tax/GST.

 

The tax calculations will automatically flow in your balance sheet as well. You can also open the GST Detail report to view the transactions that are included in your GST return.

 

Let me know if you need anything else or if you have additional questions about your tax return. I'm here to help.

P
PEMARTIN
October 19, 2021

Hi, as Iam using QuickBook Premier Standalone version.

 

Need help on GST filing for SIN.

 

At Tax Agency Report, it will show the following details :-

Sales

Purchases**

Tax on sales

Tax on purchase

 

All figures are correct , except Purchase** the amount included tax code NA / NR.

 

How should i go about it not to include the non taxable amount?

 

R
ReymondO
October 19, 2021

Hi there, @PEMARTIN.

 

The data showing on your Tax Agency report relies on the transactions you've entered in QuickBooks. 

 

If you wish to correct its record, you can open it back and click the amount on the report. This will open the list of transactions that totals its amount. You can review each one of them to locate the discrepancy. 

 

You can also reach out to your accountant for further help in correcting the amount in your Tax Agency report.


For additional resources, here's an article about customizing reports in QuickBooks Desktop. 

Should you have any follow-up questions or concerns, don't hesitate to post again here in the Community or leave a comment on this thread. Take care and have a good one.

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