Skip to main content
S
Sdolt
November 13, 2024
Question

My line 101 GST total income doesn't include all of my income for the year.

  • November 13, 2024
  • 1 reply
  • 0 views

My Income for line 101 on the gst return doesn't match my income for the year. I believe any entries I made as a "deposit" rather than a journal entry are not included in line 101. Is there a way to fix this so all of my "deposits" are included in line 101? They do not show up on the exception report or the unassigned sales tax report. These items are all tax exempt but still need to be included in my total income on line 101.

1 reply

T
Trish_T
November 13, 2024

Hi Sdolt,

 

Welcome to Community!  Not seeing all of your income calculating on line 101 of your return is concerning.  I would be glad to help!

 

In QuickBooks Desktop, your issue can easily be resolved.  It's important to note that sales income transactions will show in line 101, with the exception of deposits.   To correct this, you just need to convert the deposit to a journal entry to show in line 101.

 

Should you require additional assistance, I recommend contacting our QuickBooks Desktop specialists outside of Community. Here's the link with the contact details.

 

If you have any other questions, feel free to reach out. We would be happy to help!

S
SdoltAuthor
November 13, 2024

Thank you. The issue is that this has happened with all "deposits" for an entire year. Is there a bulk way to change them over? I'm thinking my only option is to do a journal entry reducing the affected account and adding it back as a journal entry - if that would correct the problem. Any other suggestions? I can't do it one entry at a time as there are over 100.

T
Trish_T
November 13, 2024

Hi Sdolt,

 

I recommend speaking with your accountant.  They can change multiple transactions at once in QuickBooks Desktop using the Batch Edit Tool.  If you don't have an accountant, we can help you locate a ProAdvisor in your local area.

 

However, other Community members may also provide their expertise for this situation, along with the best course of action, to ensure a positive outcome on your books.

 

Let us know if you have other questions or concerns.  We will be happy to assist!

Terms & ConditionsAccessibility statement