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O
obonnaius
April 23, 2022
Question

How do sales tax mapping effect GST accounting?

  • April 23, 2022
  • 1 reply
  • 0 views

I'm selling on Amazon.ca. I have an issue with missing information in the GST reports.

I know that zero-rated (sales) show up on line 101 (Sales) and zero-rated purchases show in line 106 (ITCs).

I cannot get anything to show up in line 103 (sales tax collected)

I receive journal entries every 2 weeks from A2X that contain all my Amazon transactions and sales tax mappings. Sales tax collected is mapped to zero-rated (purchases) and falls into an Amazon Sales Tax Collected liability account.

Is there a sales tax mapping that QBO will use to display sales tax collected on line 103 in the GST report?

Thank you

1 reply

T
Trish_T
April 25, 2022

Hi obonnaius,

 

Thanks for reaching out here.  It's important that you're able to track sales tax accurately in QuickBooks Online, so your filings with the CRA are complete.  I'll be happy to assist!

 

To ensure you're tax collected is being applied to line 103, I recommend reviewing how you have the sales tax set up.  In addition, review the journal entries and ensure the applicable sales tax is added in the Sales tax column and not as a line item.

 

If you require additional assistance with this, it's best to speak with your accountant.  If you don't have one, we can help you locate a ProAdvisor in your area.

 

Please don't hesitate to reach back out if  you have other questions.  We'd be glad to help!

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