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ZEDDEN
December 2, 2024
Question

Splitting a sales tax, 50% into a project expense, and 50% for refund from CRA?

  • December 2, 2024
  • 1 reply
  • 0 views

As a Social non-profit, we can get 50% of the HST we've spent on expenses refunded.  I'd like to set up the the Sales tax to split the tax into a Project expense and a Liability Account for refund.  Is this doable in QBO? And how do I do this?

1 reply

T
Trish_T
December 2, 2024

Hi ZEDDEN,

 

Thanks for reaching out to us here.  To ensure you're able to split your sales tax in QuickBooks Online, it's important that the action is within government guidelines.  for this reason, I recommend speaking with an accounting professional for their expertise and best course of action.  If you don't have an accountant, we can help you locate a ProAdvisor in your local area. 

 

Feel free to reach out again, if you have any other questions. We would be happy to help!

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